By Warren Buffett may no longer hold the CEO title at Berkshire Hathaway, but he’s far from idle. The legendary investor is back doing what he does best — buying stock. And the one company he’s clearly buying right now is Berkshire Hathaway itself.
Buffett Steps Down But Doesn’t Step Away
Warren Buffett officially stepped down as CEO of Berkshire Hathaway at the close of 2025, ending one of the longest and most celebrated tenures in corporate history. The torch passed to Greg Abel, Berkshire’s longtime vice chairman.
But Buffett hasn’t gone anywhere. Abel confirmed in a recent CNBC interview that Buffett still walks into the office five days a week. For investors who track his every move, that’s a meaningful detail.
Why Berkshire Hathaway Is Being Bought Back
On March 4, 2026, Berkshire Hathaway filed a disclosure with the U.S. Securities and Exchange Commission confirming it had resumed share repurchases. Abel confirmed the buybacks the same day in a live CNBC interview.
This isn’t a unilateral call by the new CEO. Under Berkshire’s board-approved repurchase policy, the CEO must consult with the Chairman of the Board before buying back shares. That Chairman is Warren Buffett. Abel confirmed he consulted directly with Buffett on both the value assessment and the timing of the buybacks.
The signal is clear: both men believe Berkshire Hathaway shares are currently trading below their intrinsic value on a conservative basis.
The Numbers Behind the Decision
At first glance, the buyback decision seems counterintuitive. Berkshire’s share price is actually higher today than during much of the extended period when Buffett chose not to repurchase shares.
So what changed? The economic backdrop. Oil prices have climbed sharply. Inflation shows signs of resurgence. Growth is slowing. In that environment, Abel and Buffett appear to view Berkshire Hathaway as one of the most compelling value opportunities available in the current market.
Berkshire enters this period from a position of extraordinary strength. The company held $373 billion in cash, cash equivalents, and short-term investments — mostly U.S. Treasuries — at the end of 2025. That figure exceeds the entire market capitalization of 477 of the 500 companies in the S&P 500.
Abel’s First Big Move — With Buffett’s Blessing
The share repurchase marks Abel’s first significant capital allocation decision as Berkshire’s new CEO. It is also a move that closely mirrors Buffett’s own investment philosophy — buy when the price is right, hold when it isn’t.
Abel reinforced this thinking in his first letter to Berkshire Hathaway shareholders. He wrote that the company will always prioritize ownership of productive businesses over parking cash in U.S. Treasuries. His top capital allocation principle — investing in businesses with durable advantages and long-term economic prospects — reads like a page directly from Buffett’s own playbook.
The alignment between the two men is deliberate. Buffett spent years grooming Abel as his successor, and this decision reflects continuity rather than a change in direction.
Should You Follow Buffett’s Lead?
Warren Buffett buying Berkshire Hathaway stock doesn’t automatically mean every investor should do the same. Individual risk tolerance, investment timeline, and portfolio goals vary widely.
That said, the reasoning behind the buyback is worth understanding. Berkshire Hathaway has delivered market-beating returns over multiple decades. Its portfolio spans dozens of wholly owned subsidiaries and equity stakes in major publicly traded companies, offering diversification comparable to many broad-market ETFs.
Its massive cash reserve also gives management serious flexibility. If markets drop further, Berkshire has the firepower to acquire businesses or build equity positions at a discount — something few companies can do at this scale.
The company isn’t chasing trends. It isn’t loading up on speculative assets. It’s doing what it has always done: allocating capital where value clearly exists. Right now, that place appears to be Berkshire Hathaway itself.
Final Takeaway
Warren Buffett’s return to buying Berkshire Hathaway stock — even in an advisory capacity — sends a disciplined, value-driven message to the market. With $373 billion in reserves, a new CEO operating in lockstep with Buffett’s principles, and a share price that both men consider undervalued, Berkshire Hathaway is making a calculated statement about where it sees opportunity.
The Oracle of Omaha still believes in Berkshire. The question is whether you do too.
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