Why Berkshire Hathaway's Dividend Is Coming Sooner Than You Might Think
At the annual meeting of shareholders this year, Warren Buffett told Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) shareholders that the growing pile of cash on its balance sheet could become a problem if he can't find a way to put it to work. "There's no way I can come back here three years from now and tell you that we hold $150 billion or so in cash or more, and we think we're doing something brilliant by doing it," he said.
Berkshire Hathaway isn't the only investor swimming in cash to do deals. Many of the world's largest private equity firms and alternative asset managers are awash in so-called "dry powder," which includes cash or commitments from investors that they will have to deploy in the coming years.
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Source: Fool.com
