Berkshire Hathaway is set for success with defensive strategies, rising profits, and a strong cash position. Read more on BRK.A stock here.

The Oracle of Omaha is sitting on a handful of long-term names that might be solid prospects for your portfolio as well.

Despite his reputation as a long-term investor, Buffett has engaged in merger arbitrages for more than 30 years, including three notable ones within the past decade. Notably, in all three cases, the acquiring company paid all cash for the acquired company,