Buffett waits on fat pitch as cash hoard tops $50 billion

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. Berkshire's size has also become a hindrance because few businesses are big enough to merit Buffett's attention. "I don't think the list of his ‘fat-pitch' companies is all that exhaustive," said David Rolfe, who oversees $8.6 billion including Berkshire stock as chief investment officer of Wedgewood Partners Inc.

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