Berkshire Hathaway

Business • Markets
Star investor Buffett bought back Berkshire stock for almost 25 billion dollars in 2020
Star investor Buffett bought back Berkshire stock for almost 25 billion dollars in 2020
Credit: USA International Trade Administration / via Wikimedia Commons (Public Domain)

Berkshire Hathaway bought back its own shares in 2020 for more money than ever before. In total, the conglomerate spent 24.7 billion dollars (20.5 billion euros) on this kind of share price maintenance, according to its annual report published on Saturday.

In the fourth quarter, Warren Buffett's investment company invested nine billion dollars in its own shares, which was almost exactly the same as the record volume in the previous quarter. Berkshire Hathaway was able to strongly increase its net profit at the end of the year.

Business • Economy
Warren Buffett has sold all of his stocks in US airlines

The investment company Berkshire Hathaway under the lead of CEO Warren Buffett has sold all its holdings of US airline stocks. Buffett had announced during the company's annual meeting that the stocks were sold for in full and for a loss, because "when we change our mind we don't take half measures or anything of the sort".