It looks like it’s Warren Buffett’s turn to say, “I told you so.” Late last year, the Berkshire Hathaway CEO was busy selling stocks when the S&P 500 logged more than 50 record closes, leading many market observers to scratch their heads.

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

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,