Warren Buffett annual letter: Berkshire Hathaway record stock buybacks - Business Insider

In the final three months of 2019, Berkshire Hathaway, led by famed value investor Warren Buffett, repurchased $2.2 billion of its own stock, the most the company has spent on repurchases in a single quarter. The record amount cam after the company spent $700 million on share buybacks in the previous quarter.

Buffett in his annual letter to shareholders, which is released in tandem with the company's year-end report, discussed both the "sense and nonsense of stock repurchases." Berkshire Hathaway will only buy back its stock if Buffett and vice chair Charlie Munger believe it is selling for less than it is worth, and the company is still left with ample cash after the purchase, he wrote.

"Over time, we want Berkshire's share gown to go down," Buffett wrote. "If the price-to-value discount widens, we will likely become more aggressive in purchasing shares. We will not, however, prop up the stock at any level." Berkshire Hathaway loosened its rule around share buybacks in 2018 making it easier for Buffett and Munger to authorize buybacks when the repurchase price is "below Berkshire's intrinsic value,"

Investing in the pyramid scheme to keep it going

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Warren Buffett speaks, Shake Shack earnings, Nevada caucus reaction: 3 things to watch for MondayWe'll speak to Warren Buffett following the release of his annual letter, get earnings from Shake Shack and digest the results of the Nevada caucuses on Monday.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Warren tears into Bloomberg over redlining at the Democratic debate - Business InsiderElizabeth Warren tore into Bloomberg at the Democratic debate for linking the end of a discriminatory housing practice to the 2008 financial crisis
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Warren buys ad in GOP billionaire's newspaper to taunt him about her wealth tax - Business InsiderElizabeth Warren bought a full-page ad in a GOP billionaire's newspaper so she could taunt him about the $2.3 billion he'd pay under year one of her wealth tax Queen Lol he knows she has no chance of winning. Probably charged her 50x more aswell. Smart bussiness. Warren got played and doesnt even know it😂😂 She will never be president so opinion does not matter.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

TikTok is providing parental controls - Business Insider - Business InsiderTikTok rolled out a parental control feature dubbed 'Family Safety Mode' in the UK, and is set to expand it to other regions in the coming month. Is there a 'CCP Block Mode' too? 🤔
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Dispensed Business Insider weekly healthcare newsletter February 21 - Business InsiderDispensed: Big Pharma's plans to compete with buzzy startups, Sanofi's entrance to the coronavirus vaccine race, and a Medicare Advantage pitch deck
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »