Warren Buffett Is Buying This Stock Faster Than Any Other
The fourth quarter of 2019 wasn't an active one for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in terms of stock purchases. Notable purchases included about $450 million worth of Occidental Petroleum (NYSE: OXY) and new stakes in Kroger (NYSE: KR) and Biogen (NASDAQ: BIIB) worth about $575 million and $200 million, respectively, as of this writing. There were a few other small purchases, but Berkshire had a relatively quiet quarter in terms of adding to its stock portfolio.
However, there was one stock that CEO Warren Buffett and his team spent $2.2 billion on -- more than Berkshire spent on the rest of its stock purchases combined: Berkshire Hathaway itself.
Image source: The Motley Fool.
Source Fool.com
