So today we got this article on Berkshire Hathaway Inc, Warren Buffett’s main company investing $24 billion in third quarter.

Warren Buffett buying shares when stock market is down is not new information. But it’s the magnitude of it that is surprising.

The S&P 500 was not down a lot. certainly not down the 50% we seen in 2008 bear market.

So why did he invest the most in 15 years for a particular period?

The last time Buffett invested more than $20 billion in a period was 2008 when he did it in both the second and fourth quarters of the year. Buffett deployed more than $70 billion that year, including $10.1 billion on stocks, as the S&P 500 posted its biggest decline since 1937. This year, Berkshire bought $11.4 billion of stocks in the nine months ended in Sept. 30, while selling $885 million of equities.

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