It has been years since Berkshire Hathaway made a meaningful acquisition.  With Charlie Munger passing away more than a year ago and Warren Buffet passing the CEO role to Greg Abel at the beginning of 2026, it is time to take advantage of one or more opportunities with some of the nearly $400 billion in cash on the balance sheet.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    , I’m sure there are numerous opportunities that Berkshire can pursue.  One, that is not very large, and might seem inconsequential on the surface, would be an excellent start.  Unlike a number of Buffet’s very large, not particularly great purchases in the last 5-10 years,  Berkshire used to acquire  fairly small to medium size, niche businesses that were extremely profitable, where the excellent managers wanted to continue to run the company, and Buffet and the Berkshire shareholders reaped the benefits of ownership.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Some of them were private companies, but there were others in that category that were publicly traded, as well.  The target I have in mind, is  Hecla Mining (HL).  You acquire the largest North American Silver mining company, with tremendous cash flow and profitability, no debt and a  product commodity that is in global deficit, essential to numerous industries, with a rapidly rising price.  Hecla’s market cap is currently just under $17 billion dollars, with the share price nearly $25.  A 100% premium to $50 would be reasonable and value the company at $34 billion.  That is nearly 10% of Berkshire’s cash hoard.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          The stock chart shows quiet accumulation, in a fairly tight range, since Silver’s massive runup and subsequent correction.  Someone is already nibbling.  Whether a possible suitor or just smart money, is unclear.  If it isn’t already Berkshire who’s doing the accumulating,  it is not too late to get in the game, establish a stake and make a tender offer for the whole company.