English transcript

Believe me, if after we get finished talking you say I've got a great hundred billion dollars in your idea, I would say let's talk.

I don't.

Well, but there's always the chance that tomorrow somebody will say that to me or I've got something.

Because now you have, I don't know what the latest cash amount is, it's over three hundred.

It's over three hundred billion.

Well over three hundred billion.

Well over three hundred.

It's more cash than the value of all of the stocks in the FTSE 100.

Yeah, and it means that when I look at the stock market, when I look at companies of a size that would make any difference to our total,

I don't see anything, well we're buying one or two things, but it's peanuts.

But I'm willing to spend a hundred billion this afternoon.

Glad I'm here today.

No, I'd rather have the hundred billion in a really good business partner at a sensible price than have a hundred billion in cash.

I know the cash, I mean it's certain levels necessary, but cash is not a good asset.

You need oxygen, you know.

You don't need to be surrounded, you don't have to pay a lot for it or anything like that, but you do need oxygen.

And if you're ever without it for four or five minutes, you know, it will learn.

And cash is that way.

So you always need to have it available because you do not know what will happen.