If a Stock Market Crash Is Coming, History Says These Are the 3 Financial Stocks to Buy
Key PointsBerkshire Hathaway has a huge cash hoard, which will soften the hit from a downturn and create buying opportunities.
The timing of the next market downturn remains uncertain, but it's prudent to begin preparing for potential bear markets. While a complete downturn should not instill excessive fear, a well-thought-out strategy can help investors emerge relatively unscathed. If a market correction looms, one stock that Warren Buffett, a renowned advocate for prudent investment, frequently recommends could be worth considering: Berkshire Hathaway (NYSE: BRK-A, BRK-B).
Buffett's interest in Berkshire Hathaway stems from more than just familiarity; he led the company as CEO for many years. Evidence of his confidence in the company is evident in Berkshire's share repurchase program, which totaled billions of dollars between 2020 and 2024. After a brief pause, Berkshire resumed buying back shares, demonstrating its ongoing commitment to value creation.
Under the stewardship of Greg Abel, who likely collaborated with Buffett on these decisions, the company repurchased approximately $4.5 billion of its stock in the second quarter alone.
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