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What’s Behind Buffett’s Billion Dollar Berkshire Buyback?

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Posted by Tom Kool

on Tuesday, 06 November 2018 08:44

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As quarterly profits double for Warren Buffett’s Berkshire Hathaway conglomerate, the legendary investor moves to buy back over $900 million in shares in one of the first signs of vindication for bulls who say the run it’s over.

Buffett thanks Trump’s December 2017 tax cuts and lower-than-expected losses in Berkshire’s insurance business for what turned out to be a Q3 2018 operating profit of $6.88 billion—up from $3.44 billion a year ago.... CLICK for complete article


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