Warren Buffett bemoans lack of major acquisition opportunities

Annual letter to shareholders

Tom Eckett
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"Our thinking is focused on calculating whether a portion of an attractive business is worth more than its market price" - Warren Buffett
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"Our thinking is focused on calculating whether a portion of an attractive business is worth more than its market price" - Warren Buffett

Berkshire Hathaway's Warren Buffett has said he hopes to make "an elephant-sized acquisition" this year, but stressed the lack of investment opportunities in the market.

In his annual letter to shareholders, the 'Sage of Omaha' said the prospects for a mega-deal "are not good" due to the sky-high prices for companies with long-term prospects. "That disappointing...

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