Deals
Berkshire Added $4 Billion in Stock Investments in Quarter
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Warren Buffett’s Berkshire Hathaway Inc. added about $4 billion in common stock to its investments during the third quarter, taking advantage of undervalued equities as stock markets slid.
The net change, described by Buffett today in a Bloomberg Television interview, compares with $3.4 billion in the second quarter. That was the most since Omaha, Nebraska-based Berkshire plowed a net $3.6 billion into stocks during the third quarter of 2008, the height of the global credit crisis.