One of Warren Buffett's favorite rules of investing is that the lower prices get, the more he's likely to buy. We now have another indication Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) was indeed doing more buying as stock prices plunged in the third quarter.
According to [b][b]Bloomberg's analysis[/b][/b], the latest [b]quarterly SEC filing[/b][/b] from Berkshire, the company invested $23.9 billion in the quarter, the most in at least 15 years.
Bloomberg says that includes almost $7 billion in equity securities, up from $3.61 billion in the second quarter and just $834 million in the first quarter.
Follow the link below for the full article on CNBC:
http://www.cnbc.com/id/45193137?__source=RSS*blog*&par=RSS
According to [b][b]Bloomberg's analysis[/b][/b], the latest [b]quarterly SEC filing[/b][/b] from Berkshire, the company invested $23.9 billion in the quarter, the most in at least 15 years.
Bloomberg says that includes almost $7 billion in equity securities, up from $3.61 billion in the second quarter and just $834 million in the first quarter.
Follow the link below for the full article on CNBC:
http://www.cnbc.com/id/45193137?__source=RSS*blog*&par=RSS
