, GEICO, and Berkshire Hathaway Energy are among the lowest cost producers in their industries, so they should be able to raise prices without losing their customer base."
"The pandemic was a very rare event. If a recession comes on and the market capitulates it may provide an environment that Buffett is more comfortable with.""Berkshire Hathaway's operating earnings growth has tracked pretty closely with earnings per share for the S&P 500 ." "It is difficult to say if Buffett took advantage of the decline in prices for bank stocks, but it seems unlikely, given that he has been steadily liquidating those positions."
"It's interesting to reflect on the past few years instead of just the recent one year or several quarters. Berkshire repurchased $65 billion of its own shares over the past five years. It's also purchased over $60 billion, net of common stocks, made acquisitions of $20 billion, and invested over $25 billion in growth capex.