Warren Buffett Ends 14-Quarter Stock Sell-Off with $23.5B — Alphabet Got $10B
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(Seoul = Yonhap News) Reporter Joo Jong-guk = Berkshire Hathaway (hereinafter Berkshire), which was interpreted as an indicator of the U.S. stock market, has started buying stocks for the first time in 14 quarters.
Warren Buffett ends 14-quarter stock sell-off with $23.5B — Alphabet got $10B
Berkshire Hathaway became a net buyer of stocks for the first time in three and a half years, ending a 14-quarter selling streak that had defined Warren Buffett’s post-pandemic posture. The $23.5 billion deployed across the second quarter represents the largest quarterly equity push since the streak began — and the single biggest allocation went to Alphabet, acquired through a private placement at terms unavailable to public investors. For 14 co…
Legendary investor Warren Buffett was replaced as CEO of Berkshire Hathaway by Greg Abel earlier this year. The new boss has a tough job, as it is virtually impossible to follow in the footsteps of the "Oracle of Omaha" for sixty years. But Abel wants to show the market that he knows where to go. In...
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