He and his deputies dug deeper into the US stock market and expanded the conglomerate’s stakes in Chevron Corp and Activision Blizzard Inc, even as Buffett acknowledged the “extraordinary” price increases in Berkshire’s businesses.
As war broke out in Europe and US inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout.
The billionaire investor went on his biggest stock-buying spree in at least a decade, undeterred by the geopolitical turmoil and fears of runaway inflation.
