Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

Warren Buffett may have sold his airline stakes and spent more than $20 billion on stock buybacks last quarter, Chris Bloomstran, head of Semper Augustus Investments, told Business Insider.. The billionaire investor and Berkshire Hathaway boss probably hasn't bought many other stocks, and might struggle to strike bailout deals in the face of government aid and fierce competition, Bloomstran said.. Berkshire wouldn't hesitate to splurge $100 billion on Buffett's long-awaited "elephant-sized acquisition.". The famed investor and Berkshire Hathaway boss may have ditched airlines and plowed more than $20 billion into stock buybacks, but probably hasn't bought many other stocks or struck any big bailout deals, according to a fund manager and Berkshire shareholder of more than two decades.. "I wouldn't be surprised to see the investments in the airlines either gone or greatly eliminated," Bloomstran said.. Berkshire probably hasn't plowed billions into its stock portfolio during the coronavirus sell-off.. The company has probably bought a bunch of its own stock.. Any big companies that go up for sale are likely to attract multiple suitors, Bloomstran said, and Berkshire famously avoids bidding wars..