Warren Buffett, the leader of Berkshire Hathaway, is a long-time value investor who looks to invest in companies that are undervalued by the market. This year, however, Berkshire's used some of its record $128 billion cash pile to expand equity holdings instead of buy companies. That's because"prices are sky-high for businesses possessing decent long-term prospects," Buffett wrote in his 2018 annual shareholder letter.
Warren Buffett, the leader of Berkshire Hathaway, is a long-time value investor who looks to invest in companies that are undervalued by the market. This year, however, Berkshire's used some of its record $128 billion cash pile to expand equity holdings instead of buy companies. That's because"prices are sky-high for businesses possessing decent long-term prospects," Buffett wrote in his 2018 annual shareholder letter.
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