Warren Buffett bemoans lack of major acquisition opportunities

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 reality means that 2019 will likely see us again expanding our holdings of marketable equities," Buffett said. "In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own." Berkshire is sitting on around $112bn in cash at the end of 2018 as the company struggles to find any home for the vast reserves. The Value Perspective: Warren...