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Billionaire Warren Buffett has lamented his inability to find big firms to buy, saying his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc.
In his annual letter to Berkshire shareholders, Buffett admitted that finding things to buy at a “sensible purchase price” has become a challenge, a major reason Berkshire is awash with $116 billion (Sh11.7 trillion) of low-yielding cash and State bonds.
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