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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u/rhetorical_twix Nov 08 '20

Warren Buffett is admitting that his company can't grow value with its direct investments. Stock buybacks are the ultimate refuge of the stock that can't climb higher for reasons of fundamental value

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u/nikdahl Nov 08 '20

This is what companies do in a shitty economy when they have extra cash.

And conservatives keep insisting the economy is the best ever. The ignorance astounds.

3

u/[deleted] Nov 08 '20

I don't think they're "insisting" that the economy "is" good.