date:May 07, 2014
who wrote the book Warren Buffetts Successor: Who It Is and Why It Matters, cautions that now isnt the best time to be making big acquisitions. Amid the takeover frenzy, the Standard Poors 500 Index (SPX) hit a record last month.
Its the most dangerous point in the acquisition cycle, he said. But Buffett will never do something stupid. If something comes along that makes sense, hell do it.
Buffett has said that he always wants to have $20 billion of cash on hand. Berkshire, with a market val