Warren Buffett said that his deals to pump $8bn into Goldman Sachs and General Electric during the financial crisis were “peanuts” compared with the big acquisitions his eventual successor at Berkshire Hathaway would be expected to make.
“These deals have not been key,” said Mr Buffett, who recently considered a $22bn purchase, and said that the company could spend $30bn on an acquisition next year.
Speaking to the 35,000 shareholders who attended Berkshire’s annual meeting in Nebraska on Saturday, the billionaire investor also repeated his call for the so-called “Buffett rule” – to restore tax rates for the rich to their 1992 levels.
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