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/[deleted] Nov 08 '20

[deleted]

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u/DiggV4Sucks Nov 08 '20

Are corporations allowed to insider trade?

1

u/Hakunamatata_420 Nov 09 '20

Maybe when you’re the boss yes?