This is crazy…
It’s a milestone Warren Buffett probably wishes he weren’t approaching.
Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter.
Either he’s about to “fire the elephant gun” at an acquisition, or he’s nervous. Or both? Either way, hard to earn a return on all that cash…
Read the story here:
Buffett Nears a Milestone He Doesn’t Want: $100 Billion in Cash (Bloomberg)
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