Billionaire investor Warren Buffett has been on a selling spree lately . As a result, his investment company, Berkshire Hathaway, is sitting on a record cash pile of $122.38 bn. To put it in perspective, India’s most valued firm TCS had a market cap of $121.23 bn on the day Berkshire reported its cash position. However, this is not the first time Berkshire's cash pile has exceeded the market cap of TCS.<br /><br />But Buffett’s distaste of cash is well-known. So why is the 88-year-old investor sitting on such a large pile of cash? <br /><br />Well, over the decades Buffett has built a reputation of being a value investor. He likes investing in companies with strong balance sheets that are trading below their intrinsic value. He also looks for long-term investments. So this increasing cash pile probably means that Buffett’s company is not finding good opportunities.<br /><br />But speculations about companies that could make it to Buffet’s shopping list haven’t stopped. This includes NASDAQ-listed Cognizant, which has significant operations in India.<br />
