Berkshire Hathaway makes rare $20 billion stock-buying spree, ending 14 quarters of net selling
Berkshire Hathaway released its latest financial report on Aug. 8. Following Warren Buffett’s handoff of the chief executive role, the company made a rare large-scale move into stocks. At 64, Chief Executive Officer Greg Abel is beginning to deploy the record cash reserves Buffett left behind through share repurchases and purchases of publicly listed companies. The report said Berkshire bought $20 billion of stocks, ending 14 consecutive quarters of net selling. The supplied source text is materially corrupted after the opening paragraphs, so no additional claims can be reliably edited.
Berkshire Hathaway released its latest financial report on Aug. 8. Following Warren Buffett’s handoff of the chief executive role, the company made a rare large-scale move into stocks.
At 64, Chief Executive Officer Greg Abel is beginning to deploy the record cash reserves Buffett left behind through share repurchases and purchases of publicly listed companies.
The report said Berkshire bought $20 billion of stocks, ending 14 consecutive quarters of net selling. The supplied source text is materially corrupted after the opening paragraphs, so no additional claims can be reliably edited.
At 64, Chief Executive Officer Greg Abel is beginning to deploy the record cash reserves Buffett left behind through share repurchases and purchases of publicly listed companies.
The report said Berkshire bought $20 billion of stocks, ending 14 consecutive quarters of net selling. The supplied source text is materially corrupted after the opening paragraphs, so no additional claims can be reliably edited.