Deals
Buffett Says He Needs to Make a ‘Huge’ Deal
- CEO says in letter that goal is to boost non-insurance units
- Cheap debt has fueled buying frenzy, Berkshire chairman says
3 Charts to Know: Berkshire, Buffet & a $65 Billion Boon
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Warren Buffett and his business partner Charles Munger are still on the hunt for a large deal after a quiet 2017.
“Berkshire’s goal is to substantially increase the earnings of its non-insurance group. For that to happen, we will need to make one or more huge acquisitions,” Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., said Saturday in his annual letter to shareholders. “Despite our recent drought of acquisitions, Charlie and I believe that from time to time Berkshire will have opportunities to make very large purchases.”