Seattle: Underlying the festivities at Warren Buffett’s annual bash for Berkshire Hathaway Inc. shareholders over the weekend was a sobering fact: Finding the next big thing is hard. “We shouldn’t use your money that way for long periods,” Buffett said of the cash during his meeting in Omaha, Nebraska. ‘Cash problem’“A run-of-the-mill bear market could certainly solve the cash problem” by offering opportunities for Buffett, Rolfe said. The company’s next CEO may have to allocate far more capital than Buffett ever did, the billionaire said Saturday. “At a point, the burden of proof really shifts to us, big time,’’ Buffett said.

Source: Mint May 08, 2017 03:45 UTC