Warren Buffett is 'sitting on a monstrous pile of cash' so he can pounce when bargains pop up, Liberty Media's John Malone says

• Warren Buffett's "monstrous" cash pile signals he expects bargains to emerge, John Malone says.
• Buffett's Berkshire Hathaway held a record $157 billion of liquid assets at the end of September.
• Liberty Media's Malone touted Buffett's approach of investing cash generated from his businesses.

Warren Buffett is stockpiling record amounts of cash because he expects bargains to emerge, and he wants to be ready to pounce, John Malone says.