Warren Buffett Buys Back Stock
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 9 November 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Learn why Warren Buffett bought back Berkshire Hathaway stock and what his criteria were.
Warren Buffett used some of his ample cash to buy back Berkshire Hathaway stock and gives 2 reasons why.
The article is here.
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 798. If y'all know what I mean put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of bed-time |
| 0:18.0 | I'm gonna live the good life |
| 0:21.0 | and beautiful and financial freedom without budgets, boredom or bosses on |
| 0:31.5 | be wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. |
| 0:42.0 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.8 | On today's show, we're going to talk about Warren Buffett buying back Berkshire Hathaway stock. Because just about anything Warren Buffett does makes news and |
| 0:57.8 | earlier this year he sold some of his airline stocks and did make some purchases, namely a gold company and a |
| 1:06.7 | Japanese financial company. But we've heard him say that there aren't really opportunities |
| 1:12.2 | that he likes at the right price in order to spend |
| 1:16.0 | his overwhelming pile of cash he's been sitting on. So what has made him buy his Berkshire Hathaway stock? |
| 1:23.7 | And does that signal to us as investors |
| 1:26.9 | that this is the right price for us to be considering |
| 1:30.8 | purchasing Berkshire Hathaway. |
| 1:33.6 | Well, let's take a look and I want to share with you |
| 1:36.4 | this article from CNBC was written by Fred Imbert |
| 1:42.1 | and it says, Warren Buffett's Berkshire Hathaway bought back a record |
| 1:46.8 | $9 billion in stock in the third quarter. As the coronavirus pandemic weighs on its operating earnings in stock price, |
| 1:56.0 | Berkshire Hathaway ramped up its stock repurchasing program, even more in the third quarter, |
| 2:02.0 | nearly doubling the record buyback from the second quarter. |
| 2:06.5 | Warren Buffett's conglomerate bought back $9 billion of its own stock. |
... |
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