Rare move indicates Warren Buffett sees a dearth of appealing investment options for his company’s large cash pile

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 repurchased $928m of its stock in the third quarter, a rare move that indicates chair Warren Buffett sees a dearth of appealing investment options for his company’s large cash pile.

It is the first time Berkshire has bought back stock since 2012. The decision, announced in a quarterly filing Saturday, illustrates the scarcity of attractively priced projects and deals that can satiate yield-hungry investors and firms more than nine years into a bull market.

Buffett’s Berkshire Hathaway repurchases more than $900m of stock

Nicole Friedman

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