Warren Buffett Is Ready to Invest $100 Billion in a Stock That Meets These 3 Criteria
Warren Buffett hasn't been investing much lately. The multibillionaire has been a net seller of stocks for 10 consecutive quarters. He's built a massive cash stockpile of nearly $348 billion for Berkshire Hathaway.This huge cash position prompted a question from a shareholder at Berkshire's annual shareholder meeting in May. Buffett was asked if he thought some good investment opportunities would come along soon for Berkshire to use some of its cash. He replied that Berkshire was ready to spend $100 billion on a stock -- but only if it met the following three criteria. Image source: The Motley Fool.Continue reading
Warren Buffett hasn't been investing much lately. The multibillionaire has been a net seller of stocks for 10 consecutive quarters. He's built a massive cash stockpile of nearly $348 billion for Berkshire Hathaway.
This huge cash position prompted a question from a shareholder at Berkshire's annual shareholder meeting in May. Buffett was asked if he thought some good investment opportunities would come along soon for Berkshire to use some of its cash. He replied that Berkshire was ready to spend $100 billion on a stock -- but only if it met the following three criteria.
Image source: The Motley Fool.
