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Warren Buffett tells why Berkshire Hathaway's cash pile is nearing $200bn

OMAHA, Nebraska -- Berkshire Hathaway's cash holdings are at record levels and rising, reflecting the difficulty of finding the kind of value investments that have defined billionaire Warren Buffett's conglomerate.

"We only swing at pitches we like," Buffett told shareholders at Berkshire's annual general meeting here Saturday.

Read more on asia.nikkei.com