Stranger things have happened.....And his cash pile has grown since he said this As Berkshire’s annual meeting kicked off in Omaha on Saturday, Buffett said that “it’s a fair assumption” that its cash pile will hit US$200 billion at the end of this quarter, with few opportunities for needle-moving acquisitions on the horizon.
“We’d love to spend it, but we won’t spend it unless we think we’re doing something that has very little risk and can make us a lot of money,” he told the crowd of thousands. The company hopes for an “occasional big opportunity,” he added, later noting that it’s looking at an investment in Canada.
“We do not feel uncomfortable in any shape or form putting our money into Canada,” he said. “In fact, we’re actually looking at one thing now.”