Warren Buffett has never had so much money to spend. Cash at his Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A) rose past $50 billion at the end of June, the first time it finished a quarter above that level since he became chairman and chief executive officer more than four decades ago. The stock market hasn't helped an investor who has said he likes to wait for the "fat pitch," an opportunity to buy a company at a price promising favorable returns.

Source - http://economictimes.indiatimes.com