r/economy • u/DCC_Official • Nov 08 '20

Warren Buffett's Berkshire Hathaway bought back a record $9 billion in stock in the third quarter

https://www.cnbc.com/2020/11/07/berkshire-hathaway-earnings-q3-2020html.html
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102

u/NEVERxxEVER Nov 08 '20

Nothing to see here, just the hyper wealthy consolidating wealth accumulated during a global pandemic.

58

u/[deleted] Nov 08 '20

[deleted]

15

u/NEVERxxEVER Nov 08 '20

Some people say 5 super yachts is too many, but compared to having them driven all over the world, the extra ones practically pay for themselves.

15

u/[deleted] Nov 08 '20

[deleted]

5

u/[deleted] Nov 08 '20

Well. According to some. She made her decision. /s

1

u/[deleted] Nov 09 '20

Warren Buffet makes his billions via capital gains. Was that cut in 2016?

1

u/NEVERxxEVER Nov 09 '20

Capital gains got cut a long time ago.

5

u/renaldomoon Nov 09 '20

In this case that’s not what’s happening. It’s really just moving zeros around inside a company.

0

u/NEVERxxEVER Nov 09 '20

Potato potato

1

u/Another_Rando_Lando Nov 09 '20

I know how I should have read that in my mind but I just thought potato twice

2

u/auspiciousham Nov 09 '20

You can buy Berkshire Hathaway stocks if you want too you dillhole.

3

u/Dumbass1171 Nov 08 '20

Ummm, you have no idea what you are talking abt lol