Warren Buffett has been actively buying back shares of Berkshire Hathaway for 24 consecutive quarters, starting in July 2018 when the board revised buyback criteria. He has purchased over $77 billion worth of shares, reflecting his belief in the company’s strong intrinsic value. Berkshire’s profitable diverse investments, including major stakes in Coca-Cola and Occidental Petroleum, have led to operating profits of $37 billion in 2023. By repurchasing shares, Buffett rewards shareholders by increasing their ownership stakes and boosting earnings per share over time, in line with his long-term investment philosophy focused on patient capital and sustainable growth.