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Warren Buffett Just Bet Big! RECORD LEVEL Stock Repurchases as Markets Near Highest Ever

WARREN BUFFETT JUST SPENT $19 BILLION

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The [investing] world has ignored Warren Buffett for his lack of mega purchases throughout 2020 and even beforehand. There is a desire to always buy more, no matter what the conditions are. Buffett’s philosophy is one of patience. Only buy a stock when it makes sense [and] for the most part, Charlie and Warren didn’t put that much capital to work. Their cash pile grew and they were simply waiting. But just recently, they accelerated purchases. Interestingly, their biggest purchase wasn’t Amazon or Apple, it was much closer to home.

 

Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter | Markets Insider

Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter | Markets Insider

Warren Buffett’s Berkshire Hathaway reported third-quarter earnings on Saturday. The billionaire investor’s company bought back a record $9 billion of its shares, and spent a net $4.8 billion on stocks after selling a net $12.8 billion in the second quarter. Berkshire’s increased spending meant its cash pile shrunk by roughly $8 billion to $139 billion.

Warren Buffett, Berkshire Hathaway 3Q Earnings Results Released – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-07/berkshire-buys-back-another-9-billion-of-stock-in-record-year

Berkshire Repurchases A Record $9 Billion In Stock In Third Quarter | Zero Hedge

Berkshire Repurchases A Record $9 Billion In Stock In Third Quarter

Just a few short years ago, Warren Buffett would not even think of repurchasing Berskhire stock, instead building up a cash war chest which he would deploy to purchase “cheap” companies (although he certainly was a fan of others buying back their stock, such as Apple and – for a while – IBM).

berkshire cash q3 2020.jpg (908×574)

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Warren Buffett, Berkshire Hathaway 3Q Earnings Results Released – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-07/berkshire-buys-back-another-9-billion-of-stock-in-record-year?srnd=premium-canada

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Lumber Sellers Rake in Record Profits on Home Renovation Binge – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-06/lumber-sellers-rake-in-record-profits-on-home-renovation-binge?srnd=premium-canada

The Rescues Ruining Capitalism – WSJ

The Rescues Ruining Capitalism

Modern society looks increasingly to government for protection from major crises, whether recessions, public-health disasters or, as today, a painful combination of both. Such rescues have their place, and few would deny that the Covid-19 pandemic called for dramatic intervention. But there is a downside to this reflex to intervene, which has become more automatic over the past four decades.

Prospering in the Pandemic, Some Feel Financial Guilt and Gratitude – WSJ

Prospering in the Pandemic, Some Feel Financial Guilt and Gratitude

Feelings of financial guilt have plagued many prospering in the uneven economic recovery. In some cases, those emotions along with gratitude are changing spending behavior. “Some of my clients have expressed feelings of survivor’s guilt, wondering why they are doing so well when others aren’t,” said Sue Peck, a financial planner in Madison, Wis.

Air Charter Service Unveils ‘Weddings in the Sky’ Package | TravelPulse

https://www.travelpulse.com/news/airlines/air-charter-service-unveils-weddings-in-the-sky-package.html

People’s Daily, China on Twitter:

“A smart garbage sorting robot was launched in Hangzhou, E China’s Zhejiang. Supported by visual learning and navigational positioning techs, the robot can work for 8hrs straight, pick up and sort 17.5kg of garbage with an identification accuracy rate of 98% on recyclable trash. https://t.co/SwGiI4Imnb” / Twitter

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A smart garbage sorting robot was launched in Hangzhou, E China’s Zhejiang. Supported by visual learning and navigational positioning techs, the robot can work for 8hrs straight, pick up and sort 17.5kg of garbage with an identification accuracy rate of 98% on recyclable trash. pic.twitter.com/SwGiI4Imnb


Warren Buffett is the Oracle of Omaha they say. Billions sitting on the sidelines, just waiting to invest. Well his biggest investment just came last quarter and here it is: Berkshire Hathaway. Instead of buying shares of other companies, Buffett and Munger decided to buy their own shares and simply push up the price that way. Sitting on $140 billion+ in cash and you don’t see much to invest in. That should be very telling…


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