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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Warren Buffett Breaks 6-Year Streak, Doesn't Buy Back Berkshire Shares Despite $320B Cash Pile

Warren Buffett Warren Buffet Berkshire Berkshire Hathaway Cathy Seifert Russ Mould United States Social Security
Warren Buffet's Berkshire Hathaway has been amassing cash for the last nine consecutive quarters. (Credit: gatesfoundation.org)

Billionaire investor Warren Buffett is known for mastering the strategy of identifying and buying great businesses at lower prices. He has abided by this rule to date, with no exceptions. For the first time in six years, Buffett decided not to buy back shares of his own company, Berkshire Hathaway, in Q3 despite having over $320 billion in cash, according to the company's latest filing with the Securities and Exchange Commission. Berkshire Hathaway was a net seller of stocks in Q3 as the Oracle of Omaha offloaded millions of Apple and Bank of America shares alongside most of his Ulta Beauty holdings.

Buffett's Move Is A Signal To Investors That Berkshire Hathaway Could Be Overvalued

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