(Bloomberg) — Warren Buffett is keeping up his record pace of buybacks.Berkshire Hathaway Inc. spent the third quarter buying back $9 billion of its own stock, after Buffett abandoned his long-held aversion to that use of capital. That total was more than the conglomerate has repurchased in any full year.Key InsightsBuffett was able to chip away at Berkshire’s cash pile in the third quarter, with that war chest dropping slightly to $145.7 billion. The funds, which still give him plenty of capital to deploy into acquisitions, stock purchases or buybacks, have recently been accumulating faster than Buffett can put it …read more
Source:: Yahoo Finance
