Berkshire Defies Short Seller by Adding to CB&I Stake
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Berkshire Hathaway Inc. is betting the best response to a short seller is to go long.
As Chicago Bridge & Iron Co. plunged 22 percent in the second quarter, Berkshire snapped up additional shares of the engineering-and-construction firm. The purchase came days after a short seller drove down the stock price by saying that CB&I had artificially inflated earnings.