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- Warren Buffett, the chairman and CEO of Berkshire Hathaway, released his annual letter to shareholders on Saturday.
- Buffett wrote that he and his vice chairman, Charlie Munger, still hoped to make a large acquisition.
- Buffett said in last year's letter that he wanted to make a big deal, but companies' valuations were too expensive.
Warren Buffett, the chairman and CEO of Berkshire Hathaway, wrote in his annual letter released on Saturday that he remained on the hunt for a sizeable acquisition — but potential targets were still too pricey.
Buffett said that in the coming years, he and his vice chairman, Charlie Munger, hope to devote much of their excess liquidity to "businesses that Berkshire will permanently own."
See the rest of the story at Business Insider
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