Thus, in the third quarter alone, more was spent on this type of share price maintenance than ever before in a full calendar year. In the course of the year, the amount already adds up to about 16 billion dollars.
Many other companies have limited their share buybacks to keep their money together in the pandemic. But buffett sabbed with berkshire hathaway last on liquid funds of 145.7 billion dollars. Cash balance thus declined only slightly compared with the previous quarter. The 90-year-old star investor actually preferred to spend the money on investments – for a long time he largely rejected share buybacks to maintain the share price. But buffett has had a hard time finding suitable takeover targets for some time now.