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return0·

Where do these companies keep the rest of their cash?

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Braeburn Capital (awesome name IMO) - http://en.wikipedia.org/wiki/Braeburn_Capital

OK then where does braeburn keep its cash, in banks? Afaik, you practically lose money by keeping it in banks.

When people talk about a company having "cash" they don't mean a stack of $100 bills, it just refers to any low-risk and liquid asset. US Treasury notes are by far the most common. As to where they keep that paper, there's far less of it and it probably goes in a vault somewhere. I remember that being an issue post-Sandy that banks vaults where they kept a lot of bonds were flooded.

yeah, i didn't mean literally. treasury notes are kind of like bonds?

Yeah, different term for the same thing. The technical term is government bond (as opposed to corporate), but most people call the US bonds Treasury notes or T-notes for short.

Actually, Treasuries have a vocabulary for them.

* "Bills" are any Treasury that is shorter than 1 year.

* "Notes" are 2-years, 3-years, 5-years, and 10-years.

* "Bonds" are any Treasury that is longer than 10 years.

They are all "bonds". But the vocabulary is a bit more precise than "short-term" vs "long term".

Yeah, they said "coming in". Where was the money before? There must also be some other investment vehicle where a drain happens.

I know Apple keeps a lot of its cash in iMattresses.

This really made me chuckle and I was having an usually bad day today. Thanks :)

Glad to hear it. Hope your day gets better from here!

That would be fitting (they have rounded corners after all); but they would be very uncomfortable.

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