https://wccftech.com/berkshire-hathaway-believes-that-elephant-sized-acquisitions-at-current-valuations-are-unfeasible/

The CEO of Berkshire Hathaway Warrant Buffett, also known as the oracle of Omaha, released his annual letter to shareholders today. While the letter contains numerous insights, the biggest takeaway for investors is Buffett’s belief that the current stock market valuations are ‘sky-high’.

Berkshire Hathaway, arguably one of the most famous asset management company in the world, possessed a whopping $112 billion in U.S T-Bills and other cash equivalents, as of the end of 2019. It also held other fixed income securities worth around $20 billion. Investors were looking forward to Buffett’s annual letter in order to gain insight as to how Buffett was planning to invest this gargantuan pool. Those hopes, however, stand dashed as the billionaire wrote in his letter: