Warren Buffetts Berkshire Hathaway Inc. (BRK/A) invested $23.9 billion in the third quarter, the most in at least 15 years, as he accelerated stock purchases and broadened the portfolio beyond consumer and financial-company holdings.
Berkshire bought almost $7 billion of equity securities in the three months ended Sept. 30, compared with $3.62 billion in the second quarter and $834 million in the first, the Omaha, Nebraska-based company said Nov. 4 in a filing. Stockholdings labeled commercial, industrial and other soared 62 percent in the three months to $17.4 billion on a cost basis, surpassing equity investments in financial and consumer-product firms.
He sees something, and its big, said Thomas Russo, a partner at Berkshire investor Gardner Russo & Gardner.
http://www.bloomberg.com/news/2011-...olio-by-spending-23-9-billion-in-quarter.html
Berkshire bought almost $7 billion of equity securities in the three months ended Sept. 30, compared with $3.62 billion in the second quarter and $834 million in the first, the Omaha, Nebraska-based company said Nov. 4 in a filing. Stockholdings labeled commercial, industrial and other soared 62 percent in the three months to $17.4 billion on a cost basis, surpassing equity investments in financial and consumer-product firms.
He sees something, and its big, said Thomas Russo, a partner at Berkshire investor Gardner Russo & Gardner.
http://www.bloomberg.com/news/2011-...olio-by-spending-23-9-billion-in-quarter.html
