Warren Buffett has been on a buying spree this year. A big buying spree. How big? Consider this bit of an interview at CNBC.
BECKY: Uh-oh. For the last nine months, Berkshire has spent a lot of that cash it’s been hoarding over the last several years.
BUFFETT: That’s right.
BECKY: I was trying to figure it out. I think it’s about 24 billion dollars you’ve spent in the last nine months?
BUFFETT: Yeah, we’ve spent a lot of money. The money, the money we’ve spent, you know, we’ve found things we like to do. It’s nice to have a lot of money, but you don’t want to keep it around forever. I prefer buying things. Otherwise it’s a little like saving up sex for your old age. (Laughs.) At some point, you’ve got to use it. (Laughter.)
24 Billion? Wow. Are you investing more these days?
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