Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) released its annual report on Saturday, including Warren Buffet’s highly anticipated shareholder letter. In this year’s letter, Buffett noted that Berkshire Hathaway ended 2017 with a whopping $116 billion of cash and short-term investments.
Buffett would like to redeploy this cash into productive investments. Nevertheless, Berkshire Hathaway made just one significant acquisition last year, as a buoyant stock market and the availability of cheap debt caused companies’ asking prices to soar past what Buffett was willing to pay.
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