Warren buffett arms open
WARREN Billionaire Buffett (pic) made no splashy deals in 2020, and he didn’t weigh in on some of the year’s most contentious topics in his much-anticipated annual letter. Behind the scenes, the 90-year old billionaire was hardly inactive.
Berkshire Hathaway Inc was firing up another engine: stocks – both buying its own and trading others. The conglomerate snapped up US$24.7bil of Berkshire shares last year, a stark record for the business sitting atop a US$138bil cash pile. It also almost doubled the volume of buying and selling of other stocks compared to 2019.
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