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

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.

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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