Warren Buffett ‘s Berkshire Hathaway, has a stockpile of $US90 billion in cash and he wants to “buy a big business,” with it, he told CNBC on Friday.
Buffett told CNBC’s Becky Quick that low interest rates actually make having so much cash less exciting. He also revealed that he sold about one-third of his position in IBM after the company failed to meet his expectations.
Here’s the full interview, courtesy of CNBC.com:
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