Locked and Loaded: Warren Buffett’s Elephant Gun.

Apparently Warren Buffett’s Berkshire Hathaway Inc. is sitting on a record pile of cash; USD$72.7B as at June 30, 2016. This record-breaking kitty has everyone in the investment world guessing where (in addition to when and if) Warren will go “hunting”. Will the “Oracle of Omaha” look to scoop up another major industrial player like he most recently did with Precision Castparts Corp., or seek to expand his insurance operations like he did with the much smaller purchase of Medical Liability Mutual Insurance Company.

http://www.bloomberg.com/news/articles/2016-08-08/buffett-cash-pile-climbs-to-72-7-billion-setting-record-chart

http://www.bloomberg.com/gadfly/articles/2016-08-08/buffett-s-berkshire-hathaway-transforms-again

 

 

Add another dish to the Buffett

Warren Buffett’s Berkshire Hathaway wrote its biggest check – a whopping $37B including debt – in history last week with a deal to acquire industrial parts maker Precision Castparts. This deal is another step in what looks, to me, like a deliberate strategy to remake Berkshire into a more industrially focused business as opposed to its current form known for its massive insurance operations and equally massive stock portfolio.

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