NEW YORK (TheStreet) -- "Our elephant gun has been reloaded, and my trigger finger is itchy": Warren Buffett (2011 Berkshire Hathaway letter to shareholders).
With names including Lubrizol and Wesco Financial now decorating the Berkshire Hathaway trophy room, it has clearly been an active year for Warren Buffett in terms of acquisitions. The billionaire has indicated, however, that it is not quite time to hang up the elephant gun.
Speaking with Bloomberg, the famed investor explained that he would be open to spending $10 billion if an attractive acquisition target presents itself. This remark comes just days after the learning that, in the third quarter, the investor put nearly $24 billion to work -- his largest cash expenditure in more than a decade. This shopping spree included a staggering $10 billion investment in International Business Machines (IBM).
Given the size of his wealth, his investing track record, and his charisma, it is no wonder that analysts, market commentators, and fans spend a great deal of time trying to determine where next the investor will take aim.
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