What The Failure Of Warren Buffett’s Latest Deal Says About The Stock Market – Forbes

<a growing money pile in recent years, with Buffett viewing bidding wars as a waste of time and money.

In spite of having a record $ 128 billion in cash to burn, the notoriously frugal Buffett bowed out of the offer, raising concerns that the total market might be misestimated. His company’s last huge acquisition was in 2016, when Berkshire purchased aerospace business Precision Castparts for around $ 32 billion. Buffett’s Omaha, Nebraska-based investing conglomerate is understood for its portfolio of family-built organisations, sporting a mix of primarily retail, insurance and energy business.

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