The Oracle of Omaha recently lost a big takeover battle.
Billionaire investor Warren Buffett’s latest dealmaking efforts suggest that the stock market is overvalued , as the Oracle of Omaha recently lost to a private equity firm in his latest takeover bid—despite having a record $128 billion in cash on the sidelines, which he is finding increasingly difficult to spend on acquisitions.$5 billion to buy technology distributor Tech Data Corp.
Tech Data brings products to market for companies like Apple, which is Berkshire’s largest investment, with a roughly $56 billion stake. Despite having a record $128 billion in cash to burn, the notoriously frugal Buffett bowed out of the deal, raising questions that the overall market
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