Warren Buffett 's Berkshire Hathaway, has a stockpile of $90 billion in cash and he wants to "buy a big business," with it, he told CNBC on Friday.
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Warren Buffett wants to buy something huge (BRK/B, BRK/A)
Warren Buffett declared that his company Berkshire Hathaway now has a stockpile of $90 billion in cash and that he, wants to "buy a big business."
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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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