F or more than a decade, Warren Buffett has sought in vain for what he calls an elephant-sized acquisition that could absorb a big chunk of Berkshire Hathaway’s cash hoard that totaled a record $182 billion at the end of the first quarter.
Berkshire’s purchase of a 6% stake in Chubb worth almost $7 billion has generated some speculation that Berkshire might seek to purchase all of the big global property and casualty insurer.