Warren Buffett's Berkshire Hathaway seeks 'elephant-sized acquisition': Here are some options

Warren Buffett Opens a New Window.  has more cash than ever, and he’s on the hunt for his next big purchase Opens a New Window. Buffett’s Berkshire Hathaway Opens a New Window.  reported a record $122 billion of cash on its books last quarter, which the legendary investor has said is “far beyond” the level he prefers. In his most recent letter to shareholders, Buffett told investors he was looking for an “elephant-sized acquisition,” but that things were too expensive for his liking. “In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own," he wrote Opens a New Window. "The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects." Buffett is a value investor, meaning he likes to invest in companies with strong balance sheets which he believes are trading below their market value, and that he can hold for the long-run.