Berkshire Hathaway CEO Warren Buffett. Photo: ReutersNew York: Warren Buffett, chairman and CEO of Berkshire Hathaway Inc, said his conglomerate, which is sitting on $116 billion of cash, is “more inclined” to repurchase stock than pay dividends as a means to use excess cash. “I am fairly confident we will find ways to deploy” Berkshire’s excess cash, Buffett said on CNBC. Earlier this month, the Federal Reserve surprised many by imposing limits on the San Francisco-based bank’s asset growth until it addresses problems. Buffett said investors might get a “euphoric surge” if they double their money in stocks, but would not be “happier.” Reuters

Source: Mint February 26, 2018 14:26 UTC