Berkshire Hathaway Buys Back Stock As Warren Buffett Can’t Find Anything To Spend The Cash On

If we were to believe the likes of Robert Reich and Elizabeth Warren then Warren Buffett’s recent actions at Berkshire Hathaway would be tolling the death bell of modern capitalism. For Buffett has decided to buy back nearly $1 billion worth of Berkshire Hathaway stock, something he doesn’t normally do. The usual criticism from the knownothing left – there not being all that much of a know lots left these days – is that stock buybacks are detrimental to the economy.…

See More