Warren Buffett and Bill Gates were interviewed on the Charlie Rose Show on January 27, 2017.
During this interview, Warren Buffett revealed:
(1) “We’ve, net, bought $12 billion of common stocks since the election”. This represents a substantial increase in the pace of purchases by Buffett. During the first nine months of 2016, Berkshire Hathaway bought only $5.2 billion (and sold or redeemed about $20 billion) of stocks. In all of 2015, Berkshire bought only $10 billion of equity securities. Warren Buffett will likely reveal which stocks he invested in during the fourth quarter of 2016 when Berkshire releases its SEC 13F filing on February 14.
(2) Buffett also mentioned that Berkshire’s investment in the shares of American Airlines, Delta Air Lines, Southwest Airlines, and United Continental Holdings during the third quarter was “in large part” his decision.