NEW YORK (TheStreet) -- Warren Buffett's Berkshire Hathaway (BRK.A) announced another big acquisition today: a $4.7 billion buy of battery-maker Duracell from consumer goods giant Procter & Gamble (PG) .
With the equities markets at all-time highs, is this an instance of the Oracle of Omaha being greedy when others are fearful, fearful when others are greedy or was it just a good deal at a price he liked? Either way, Buffett found a tax-free exit to his massive $4.7 billion investment in P&G.
Take a look at the last ten major acquisitions by Berkshire Hathaway (BRK.B) , dating back to 2008, and decide for yourself.
November 2014 - P&G's Duracell for $4.7 billion of stock, including $1.7 billion from P&G to Duracell before the acquisition closes.
October 2014 - Van Tuyl Group, terms were not disclosed. The Van Tuyl Group, now known as Berkshire Hathaway Auto, is the largest group of car dealerships in the U.S., with 75 locations.
March 2014 - WPLG - TV10 in Miami (an ABC affiliate), as part of a larger cash and stock deal for $1.2 billion. The deal valued WPLG at $364 million. This was another deal where Berkshire avoided taxes exiting an investment.
December 2013 - Phillips Specialty Products, for $1.4 billion in stock. Phillips Specialty Products is an oil pipeline firm.
February 2013 - Heinz (50%), in a deal valued at $28 billion, including debt. Berkshire teamed up with Brazil-based private equity firm 3G Capital, which controls the other half of the ketchup maker. It was one of the biggest ever acquisitions in the food business.
November 2011 - Omaha World Herald for $150 million plus assumption of debt. Buffett reversed his 2009 position on a bleak future for newspapers, saying of the acquisition that newspapers "have a decent future." Buffett famously lives and works in the Nebraska city.
March 2011 - Lubrizol for $9.7 billion, including $700 million in debt. The acquisition of the chemical maker gave shareholders a 28% premium -- and an 18% gain over the stock's all-time high.
November 2009 - Burlington Northern Santa Fe Corp in a stock and cash deal valued at $44 billion, the biggest in Berkshire's history and what Buffett called at the time "an all-in wager" on the U.S. economy.
June 2009 - Cavalier Homes for $48.4 million. The deal came at a time when manufactured homes, the Cavalier business, was suffering due to a sharp downturn in the economy, led by the sinking housing sector.
December 2007 - 60% of Marmon Holdings for $4.5 billion. At the time, the industrial holding firm had $7 billion in revenues across more than 125 business units.