With $38 billion cash, Warren Buffett looking for deals

Not a big fan but he may be worth watching for the next few months

http://ca.reuters.com/article/businessNews/idCATRE71P16020110226?pageNumber=2&virtualBrandChannel=0

NEW YORK (Reuters) - Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.

Buffett gave an aggressive earnings forecast for Berkshire's collection of businesses, said the company would engage in record capital spending and forecast a recovery in the housing market would start within a year.

 

For that sort of money I'm willing to call him my friend

 

Buffet is just another parasite in the system. Without the bailouts he lobbied for he was finished.

Even if he kept his money, he lost his credibility.

 

I agree 100%


Privatise the profits and socialised the loses

 

Far out Nugget that new avatar of yours will scare the kiddies & have me waking from nightmares

 

stolen from here -> http://www.dailyhaha.com/_pics/too_much_gold.htm

 

38 billion is 38,000 millions. Why do you even bother working at that point? I guess it is the thrill of succeeding or something.

 

That's why I will never be a billionare . I just don't have the mentality to keep going once the magic number has been passed.

 

Hello Guys, Don't mean to get off the subject you are on, but being new I find I don't know my way around. Has any one heard about J.P. Morgan buying 10% of face book. I only heard yesterday and was wondering if it is correct.
Thanks Maggie.

 

I heard they were looking at twitter since they started their "digital fund".

 

Yes, you are correct. They have put in bid for 10% for Twitter. I have not been on Twitter yet. Would you have any advice on this Twittering?
Thanks Maggie.