Warrent Buffett bought $12bn in stocks since Trump election
Buffett wouldn’t get into why Berkshire bought the shares, but said that it was “in large part” his decision
Warren Buffett added to his stock portfolio at Berkshire Hathaway in a big way after November 8. “We’ve, net, bought $12bn of common stocks since the election,” he said in an interview with Charlie Rose that aired on Friday. Buffett did not identify the securities that he picked. Purchases of that magnitude represent a major pickup in activity for Omaha, Nebraska-based Berkshire. During the first nine months of last year, the company bought $5.2bn and sold or redeemed roughly $20bn worth of stocks, according to a regulatory filing. In 2015, Berkshire bought about $10bn of equity securities. Stocks rallied after Donald Trump was elected US president in November, as investors speculated that the Republican’s policies will stimulate the economy. That sentiment cooled some on Monday after the turbulent roll-out of an immigration order raised concern that the new administration may follow through with isolationist policies, overshadowing a pro-growth agenda. Buffett told Rose he was scep...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.