Cash glut at Warren Buffett's Berkshire may trap tech titans next

Jeff Bezos, since stepping away from Amazon.com Inc., has become the latest billionaire to head to space. Meanwhile, Facebook Inc.’s Mark Zuckerberg is eyeing life in the metaverse. But don’t expect to see Warren Buffett riding on the next rocket ship for his 91st birthday this month or talking up virtual dimensions in Berkshire Hathaway Inc.’s earnings report Saturday.
 

Unlike some of his ultra-wealthy peers, Buffett still prefers the nuts-and-bolts businesses of Planet Earth, such as keeping people’s lights on and delivering goods by freight train. That old-fashioned mind-set is why Berkshire’s market value hasn’t taken the same rocket ride