What The Failure Of Warren Buffett’s Latest Deal Says About The Stock Market

  • 📰 Forbes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Oracle of Omaha recently lost a big takeover battle.

Billionaire investor Warren Buffett’s latest dealmaking efforts suggest that the stock market is overvalued , as the Oracle of Omaha recently lost to a private equity firm in his latest takeover bid—despite having a record $128 billion in cash on the sidelines, which he is finding increasingly difficult to spend on acquisitions.$5 billion to buy technology distributor Tech Data Corp.

Tech Data brings products to market for companies like Apple, which is Berkshire’s largest investment, with a roughly $56 billion stake. Despite having a record $128 billion in cash to burn, the notoriously frugal Buffett bowed out of the deal, raising questions that the overall market

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That is like insanity to me - spending your whole life trying to make as much money as you can? Why?

Buffett will buy value but he is really waiting for the market to come down and then he can spend some of that money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next stock market crash: Strategist sees risk of December correction - Business InsiderA Wall Street expert who called the stock market's late-2018 meltdown warns another plunge could arrive in December — and shares his investing advice for 2020
Source: BusinessInsider - 🏆 729. / 51 Read more »

Cramer: I'm not worried about a December stock market drop like last year'Nothing worries me in the sense of looking for a big sell off in December,' says CNBC's Jim Cramer. Great picutre don't want to read. It's the best schocked face ever. This crazy guy will ruin your savings someday! Ok well so far this tweet is not aging well but it is only 2 hrs into the dec market.
Source: CNBC - 🏆 12. / 72 Read more »