Warren Buffett's Berkshire is Back With an $11.6 Billion Insurance Acquisition

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It's been less than one month since Berkshire Hathaway CEO Warren Buffett said "little excites" the investment giant and its $150 billion pile of cash. But on Monday, the Oracle of Omaha found something worth celebrating with a slice of Dairy Queen's ice cream cake (a beloved Berkshire portfolio company).

Berkshire announced plans to acquire insurer Alleghany for $11.6 billion. What's so exciting about it? The CEO is a Berkshire veteran who has followed the Berkshire investment playbook like it's a holy text.

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Source Fool.com