Warren Buffett has cost investors $136bn by waiting to invest or distribute Berkshire Hathaway's excess cash.

That means, to make this back, he will need to buy a company intrinsically worth $244bn at a 56% discount—a seemingly impossible task.

Opportunity cost is real.

Follow up article: https://commonstock.com/post/6a821a0d-12e1-488d-b7dd-ec1d3e83972b