Buffett’s billion-dollar dilemma: so much money, so little choice
Warren Buffett, the king of investors, has so much cash he doesn’t know what to spend it on. So why is his Berkshire Hathaway vehicle underperforming on the stock market?
As rich people’s problems go, Warren Buffett’s is extreme. The fabled investor has $128 billion in cash in the bank, and he says he can’t find anything to spend it on. For the fourth year in a row, Berkshire Hathaway, the company he controls, has not made what he calls “an elephant-sized acquisition”. That explains a lot about the limitations of success.
As anybody who follows the stock...
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