1 Top Stock Warren Buffett Is Spending Billions On
Famed investor Warren Buffett is investing Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) capital in one stock more than any other: Berkshire Hathaway. Yes, you heard that right. The investment conglomerate spent nearly $25 billion repurchasing its own shares last year -- and the aggressive buying seems to be continuing into Q2.
This is a telling sign of how valuable Buffett thinks Berkshire's own shares are, as he has said numerous times that the company only buys back its stock when he believes it's undervalued.
Warren Buffet. Image source: The Motley Fool.
Source Fool.com
