How many years is it, since Mr. Buffet & Mr. Munger had an exchange at the AGM about the size of the next large acquisition? [Two years, three years, or perhaps even more?] What were those gents then talking about? [If I remember correctly the talk was in the triple digits of USD B by Mr. Munger, combined with a good deal of speculative ramblings, based on "Who knows what we'll do!" - [& mind you!]] - If I remember correctly, Mr. Munger implied something in the three digit range of USD B.
Where are we now? -Please put away those something USD ~20 B for potentiential insurance claims in a stressed situation, which leaves you around USD ~100B in acquisition capacity.
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What is there not to like, if you're patient? [patience certainly required!]
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Somehow, I think of it as a geriatric at the age ~90, surveilling and scouting an African Savannah, dressed [naturally] in Khaki Safari dress [with a Khaki hat to provide shadow for the face], scouting the area ..., - moving the sunglasses up on the hat, lips tight, stone face & snake eyed - just pretty un-emotional, & just waiting ... .
-You better stay out the line behind him, because his gear is not really [any longer] an elephant gun, more like a Bazooka! No need to get smoked and burned while standing behind him!
