Sign in to display your profile. Saved plans remain in this browser on this device.
🔒 Information saved in the User Portal stays in this browser and does not sync across devices.
Learn more about data processing and external services in the Privacy Policy
What Does It Mean to Be Truly Wealthy? Saving and Cash
✍️ By Kanngongkanngoen
📅 Published December 29, 2025
⏱️ About 4 min read
💡Key takeaways
The video’s broad claim that rich people do not hold cash is compared with Berkshire Hathaway’s 2024 cash and Treasury bill balances and official definitions. The article does not recommend moving money.
A video by CK Cheong, published on August 20, 2025, states that “truly rich people do not keep cash in bank accounts” and uses Warren Buffett and US Treasury bills as examples. This article compares that claim with documents from Berkshire Hathaway, the US Department of the Treasury, and Thailand's Deposit Protection Agency. The short conclusion is that the statement goes beyond the evidence: bank deposits, cash on a financial statement, and Treasury bills are different asset types, and an organization can hold more than one type at the same time.
What the video claims and what the comparison shows
The video compares keeping money in a bank with holding Treasury bills and uses Buffett as an example. The central claim is a viewpoint to compare with financial statements and official definitions—not a fact about how every wealthy person manages money.
Berkshire Hathaway reports both cash and Treasury bills
Berkshire Hathaway's financial statements for the year ended December 31, 2024, report “Cash and cash equivalents” of $44.333 billion and “Short-term investments in U.S. Treasury Bills” of
86.472 billion as separate items. This example establishes only that Berkshire Hathaway, a company, held both cash and short-term Treasury bill investments as of the reporting date. It does not prove how all wealthy people behave or tell individuals to copy a company's portfolio.
How are bank deposits different from Treasury bills?
A bank deposit is money placed with a financial institution under the terms of a particular account. Treasury bills are short-term debt securities issued by the US government, with maturities of one year or less. They may be purchased at par or at a discount, with face value paid at maturity under the instrument's terms. They are not bank deposit accounts or cash that can be withdrawn in the same way.
For Thai deposits, the Deposit Protection Agency currently states a protection limit of 1 million baht per depositor per financial institution, combining the eligible deposits held by one person at the same institution. Coverage depends on the law and the types of deposits that qualify; it does not mean every asset or every balance is protected.
In everyday conversation, “cash” may mean banknotes, money in an account, or an asset that can be sold quickly. Each has different conditions and uses.
Berkshire's example shows both cash and cash equivalents and Treasury bills at the same time. It does not support the statement that the company holds no cash at all.
Treasury bills are securities, not bank deposits. Their duration, currency, purchase channel, and terms differ from those of a Thai bank deposit account.
The video does not provide enough information to determine how much cash anyone should keep or which asset to buy. This article therefore does not recommend an allocation or moving money.
About the source and its date
The referenced video is 1 minute and 20 seconds long and was published on August 20, 2025. The article uses its comparison between cash and Treasury bills as a question to examine against financial statements and official definitions; it does not recommend transferring savings.