Berkshire Hathaway finally started spending its nearly $400 billion in cash — on one stock it knows very well

Berkshire Hathaway repurchased its own stock after accumulating cash reserves that reached approximately $400 billion, according to the company's most recent filings. The investment conglomerate, led by Warren Buffett, has historically used buybacks as a capital allocation method when it determined shares were undervalued. Some investors and analysts have questioned whether buybacks represent the best use of available capital compared to alternative investments or acquisitions.

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