The past few years have been a wild ride in the stock market. The S&P 500 (SNPINDEX: ^GSPC) -- which is often used to gauge the overall stock market's performance -- declined over 30% at the beginning of the COVID-19 pandemic, went on a bull run that doubled its value from March 2020 to December 2021, and then snapped back to reality, declining just over 19% in 2022. For new investors, this wild ride may be hard to grasp, but for investors who've been around a while, it reinforces one point about the stock market: Bear markets are inevitable. Read More...
Reuters
Buffett’s Berkshire Hathaway speeds up stock buybacks
Warren Buffett’s Berkshire Hathaway Inc has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy filing on Friday, Berkshire said that as of March 8 it had the equivalent of 1,455,698 Class A shares outstanding, down 4,035 from year end and 2,537 from Feb. 13, reflecting the repurchases. Berkshire’s repurchases have also included Class B shares, which normally cost about 1/1500th as much as Class A shares.
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