In the second quarter, Warren Buffett dialed back on share repurchases, as his conglomerate put its cash stockpile to work buying up stakes in other companies.
None of the billionaire s Berkshire Hathaway Inc. repurchased $1 billion of shares during the second quarter, less than the $3.2 billion it bought back during the first three months of 2022. Buffett has turned to stock buybacks as a way to give back a lot of money in cash and return some excess funds to shareholders. Berkshire's stock was cheaper despite a general downturn in markets, with the Class A shares falling nearly 23% during the quarter.
The company's Class A stock fell almost 23% in the second quarter, after a 17% increase in the first three months of the year.
It s getting harder to be a woman in America.