Message Font: Serif | Sans-Serif
No. of Recommendations: 3
However, as before cash taxes vs the GAAP provision is a matter of timing differences. The timing is only a big deal if there is a lot of time value to money (which has to do with prevailing interest rates, availability of investments at which capital can be deployed at and the like).

Well stated TransverseSlice, and usually not appreciated.

Unless the tax difference between book due and current paid can earn good money, either through being invested in equities/businesses or by earning good interest rates, the impact - taking into account inflation and the time value of money - the impact is pretty small.

Especially when you already have over $100 billion to be invested, and more coming each month.

The issue to focus on with Berkshire is the ability to put money to work - not its availability.

That's where discussion needs to be focused.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.