Berkshire Hathaway Doubles Down on Stock Buybacks

Warren Buffett sees big value in his own company. Berkshire Hathaway doubled its share repurchases in the third quarter. The move puts billions of dollars back into Berkshire stock.

The company stepped up buybacks while total profits dropped. Both operating earnings and investment gains saw declines during the period. Still, leadership chose to spend cash on its own shares.

When a top firm buys its own stock, it signals trust in the business. Buffett holds plenty of cash and waits for good deals. Buying Berkshire stock shows he believes in its long-term future.

Source: CNBC