Warren Buffett’s Berkshire Hathaway ‘buys the dip’ again

Warren Buffett: showing no need for new tricks (Image: Getty)

Mon, 08 Aug 2022

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: buy the dip.The conglomerate was a net buyer of equities in the quarter, reporting US$3.8 billion ($6.1b) in purchases, according to results released Saturday. It was a net seller in the second quarter of last year.Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of US$9.2b as the insurance and railroad businesses posted gains.Cathy Seifert, an analyst with CFRA R...

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