"He's elephant hunting . there aren't a lot of elephants around," says Jeff Matthews of Warren...

|By:, SA News Editor

"He's elephant hunting ... there aren't a lot of elephants around," says Jeff Matthews of Warren Buffett after Berkshire Hathaway's (BRK.B) cash hoard rose to $47.8B at the end of Q3 (earnings). The firm made a number of purchases during Q3 (and last week agreed to buy Oriental Trading), but Buffett made clear the buys aren't material, "individually or in the aggregate."