Why Buffett Pulled Back: Companies Overvalued after “Purchasing Frenzy” Fueled by “Cheap Debt”
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And why his “recent drought of acquisitions” is likely to continue. Warren Buffett explains in his annual letter to Berkshire Hathaway shareholders why he made only one large deal in 2017 (the 38.6% stake in Pilot Flying J) …