By Dr. David Kass. Originally published at ValueWalk.
Warren Buffett and Bill Gates were interviewed on the Charlie Rose Show on January 27, 2017.
During this interview, Warren Buffett revealed:
(1) “We’ve, net, bought $12 billion of common stocks since the election”. This represents a substantial increase in the pace of purchases by Buffett. During the first nine months of 2016, Berkshire Hathaway bought only $5.2 billion (and sold or redeemed about $20 billion) of stocks. In all of 2015, Berkshire bought only $10 billion of equity securities.
(2) Buffett also mentioned that Berkshire’s investment in the shares of American Airlines, Delta Air Lines, Southwest Airlines, and United Continental Holdings during the third quarter was “in large part” his decision.
The post Buffett Bought $12B Of Common Stocks Since Election; Was In On Decision To Buy Airlines appeared first on ValueWalk.
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