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Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings

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Warren Buffett’s Berkshire Hathaway says it repurchased $5.1 billion of its own stock during Q2.

as the coronavirus pandemic dented operations for Warren Buffett's conglomerate.

Berkshire Class A and Class B shares plunged more than 19% in the first quarter and lagged the S&P 500 during the second quarter with declines of more than 1%. Berkshire's investments in public markets gained $34.5 billion in the quarter. That gain caused overall second-quarter net earnings to surge to $26.3 billion, up from $14.1 billion a year ago. However, unrealized gains from investments quarter to quarter are volatile and Buffett himself warns investors not to focus on that overall net earnings figure.

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The only reason it's rising cuz the businesses SUCK.

'greatest value of stock of them all.... MINE' - Warren Buffett $BRK.A $BRK.B

that Is boring

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