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Buffett Lures Fans to Omaha With Stock Buys, Inflation Talk

  • Berkshire held first in-person shareholder meeting since 2019
  • Billionaire CEO gave no indication that he plans to step down
Bloomberg business news
WATCH: Buffett’s Berkshire Hathaway is back buying up other companies’ shares. Katherine Chiglinsky reports.Source: Bloomberg
Updated on

As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout.

The billionaire investor went on his biggest stock-buying spree in at least a decade, undeterred by the geopolitical turmoil and fears of runaway inflation. He and his deputies dug deeper into the U.S. stock market and expanded the conglomerate’s stakes in Chevron Corp. and Activision Blizzard Inc., even as Buffett acknowledged the “extraordinary” price increases in Berkshire’s businesses.