Warren Buffett is buying with $31 billion cash
While credit markets have tightened considerably in the last few months, those with cash have the upper hand and are buying up companies in trouble. Chief among them is Warren Buffet’s Berkshire Hathaway.
With $31 billion in cash, Buffet is buying up energy companies, adding cash to merger deals with other companies and, frankly, smiling when others are wringing their hands.
And, having warned of the risks of some mortgage securitities, he’s having the last laugh.
Gee I wonder why? Does Mega Control and Power have anything to do with it I wonder?