Munger and Buffett were unable to pull off one last deal together using Berkshire's $157 billion in cash
Publishing timestamp: 2023-11-30 21:02:52
Summary
Charlie Munger, the late vice chairman of Berkshire Hathaway, expressed hope that the company will find a large acquisition to use up its $160 billion cash pile. He acknowledged that the next generation of leaders at Berkshire may have to make the deal, and mentioned potential candidates. Munger defended Berkshire's inaction in the past, stating that sitting on cash and waiting for the right opportunity is preferable to making hasty decisions.
Sentiment: NEUTRAL
Tickers: BRK.A,
Keywords: berkshire hathaway inc, investment strategy, warren buffett, business news, stock markets, breaking news: investing, markets, breaking news: markets, wall street, breaking news: business, charlie munger,