Berkshire Hathaway Started Buying Back Its Own Stock Again This Year. Should You Buy It at a Record High?

Berkshire Hathaway has resumed stock buybacks in 2026 after none in 2025, repurchasing $4.8 billion in the first half of the year at average prices of $476-$488 per Class B share. With the stock now trading near $548 (12-15% higher than buyback prices), the article examines whether it remains a buy at record highs. Operating earnings grew 16% year-over-year to $13 billion in Q2, though this was partially aided by foreign exchange gains. The author suggests considering purchases gradually, noting the stock is no longer the bargain it was when Berkshire was actively buying.