From Motley Fool:

Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) CEO Warren Buffett is famous for being a value investor.

With the stock market looking frothy and hitting all-time highs, Buffett has lamented the lack of affordable, well-run companies his conglomerate can buy, and Berkshire has refrained from making a major acquisition for years, in large part due to inflated valuations Buffett sees across the market.

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