Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter and purchased nearly $20 billion of equities in the period, signs that Chief Executive Officer Greg Abel is putting more of the firm’s cash pile to work. Berkshire started buying back its own shares in the first quarter for the first time in more than a year. Earlier this year, Abel said Berkshire was restarting buybacks because executives found the “intrinsic value” of those shares exceeded their market price. bloomberg.com/news/articles/…

Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter and purchased nearly $20 billion of equities in the period, signs that Chief Executive Officer Greg Abel is putting more of the firm’s cash pile to work. Berkshire started buying back its own shares in the first quarter for the first time in more than a year. Earlier this year, Abel said Berkshire was restarting buybacks because executives found the “intrinsic value” of those shares exceeded their market price. bloomberg.com/news/articles/…

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