Companies and people have similar urges sometimes. People like to build big houses; companies like to build large headquarters. People worry excessively about how the world views them; so do corporations.
But one of the biggest similarities between corporations and people is that when they have a lot of money in the bank, they like to spend it. And lately, corporations have been spending lots of money on buying other companies. Can you make money from the M&A spree? Possibly--but it's not easy.
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John Waggoner does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.