Berkshire Hathaway Inc. Chairman Warren Buffett repurchased nearly $928 million of its stock in the third quarter, an indication that he doesn't see attractive investment opportunities on the near horizon.
The Omaha, Nebraska-based company (NYSE: BRK.A) announced the stock repurchase plan in its third-quarter earnings report released on Saturday.
The company explained in a 10K filing that "Berkshire’s board of directors … (permitted) Berkshire to repurchase shares any time that Warren Buffett,…