
“Warren Buffett (pictured), who aims to have $20 billion in cash at his Berkshire Hathaway (BRK.A), isn’t investing fast enough to keep money from piling up. Even in a year in which the company has struck some of its largest deals and accelerated capital spending, Buffett still needs to find acquisitions. Buffett, Berkshire’s chairman and chief executive officer for more than four decades, has said he likes to keep $20 billion on hand should the reinsurance operations need to pay large claims. Having additional cash allows him to make big investments when others are fearful.”
http://money.msn.com/top-stocks/berkshire-has-more-money-than-it-can-handle
Related posts:
Self-Serving BIS Report Warns Bitcoin Is Flawed, Will 'Bring The Internet To A Halt'
Jim Rogers: An 'even worse catastrophe’ is coming
Are you part of the 'pay-as-you-live' generation?
Oil and gas drillers use complex schemes to stiff retired landowners for royalties
German pilot in WWII and American B-17 pilot he spared reunite 40 years later
NJ Causes Bridge Jam With Unannounced Lane Closures For 'Study'
Cyprus bourse scraps banking index after bailout
Valencia: A Spanish city without medicine
Wary of China, Companies Head to Cambodia
Ben Bernanke Joins Hedge Fund Citadel as an Adviser
Fincen Conducting Bank-Style BSA Exams of Virtual Currency Firms
The global wine drought that never was
British MPs urged to reject contentious tax pact with the US
Danish police prosecute 1,000 youngsters for sharing viral sex video
The best and worst states for taxpayers