Buffett Spends Record $2.2 Billion Buying Berkshire Shares
- Those wanting to sell stock should call company, Buffett says
- Berkshire’s cash pile hovers close to record, at $128 billion
Dec. 23: Warren Buffett Can't Find a Takeover Target
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Warren Buffett kicked his stock-buyback program into high gear, spending $2.2 billion on repurchases in the last three months of 2019, the most ever in a single quarter -- and he’s looking to buy even more.
Buffett’s Berkshire Hathaway Inc., which loosened its repurchase policy almost two years ago after being stymied on the dealmaking front, has since taken a cautious approach to buybacks, acquiring only $6.3 billion of stock. In the fourth quarter, Buffett bought shares every month, and has no plans to slow down, if the price is right.