3 Lessons You Can Learn From Warren Buffett's $11.6 Billion "Elephant" Buy

Warren Buffett likes elephant hunting. The kind of "elephant" he likes to hunt, though, isn't the four-legged kind with trunks. Buffett is always on the lookout for big acquisition targets to add to his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) empire.

There haven't been many acquisition candidates that Buffett liked over the past few years. However, he recently found one. Last week, Berkshire announced plans to buy insurance company Allegheny (NYSE: Y).

A megadeal between Berkshire and Allegheny might not seem to have any relevance to the decisions made by ordinary investors. But it does. Here are three lessons you can learn from Buffett's $11.6 billion elephant buy.

Continue reading

Source Fool.com