Mr. Buffet’s Berkshire Hathaway maybe dropping hints that it’s ready to go on a spending spree. We will learn more from the earnings report if Berkshire repurchased a record amount of stock.
“Berkshire is expected to report second-quarter earnings that day, results that could show that gains in the stock portfolio drove net income to the highest ever for a company in the S&P 500.”
“Buffett’s conglomerate began putting more of its $137 billion cash pile to work after a period of relative silence during the start of the pandemic, striking a deal for natural-gas assets in July and even snapping up at least $2 billion of Bank of America Corp. stock in recent weeks through Aug. 4.”