From Nasdaq: 2024-05-18 12:21:09

Warren Buffett, the renowned investor, has been making headlines lately. At the annual shareholder meeting in Omaha, Berkshire Hathaway disclosed a new $6.7 billion stake in Chubb. Additionally, Buffett has been selling stocks, leading to a record cash pile of $189 billion by March 2023.

While Buffett struggles to find investment opportunities, he remains bullish on Berkshire Hathaway stock. Berkshire has been repurchasing its own shares, with Buffett spending $2.6 billion on buybacks in Q1 2023. This buyback policy change allows more flexibility for Buffett to repurchase shares as needed.

Investors are evaluating Berkshire Hathaway as a potential buy. With a diverse range of businesses and a solid track record, Berkshire’s stock may be attractive despite current valuations. While concerns over succession linger, Berkshire remains a core pick for value investors, thanks to its strong fundamentals and leadership.

In light of the current market conditions, investors may consider following Buffett’s lead and holding off on new Berkshire positions. However, Berkshire Hathaway’s long-term value proposition and stability make it an intriguing choice for investors looking for a reliable investment option.



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