Ajit Jain, Berkshire Hathaway’s Vice Chairman of Insurance Operations, has purchased $20 million in Berkshire Hathaway stock.
Jain purchased the stock on December 18, at prices ranging from $295,750 to $297,000 a share for Berkshire Hathaway’s A shares, which had been as high as $335,900 in October.
In January 2018, Jain, who along with Greg Abel, who was elevated to Vice Chairman of Non-insurance Operations, became vice chairmen, a move that puts them in line for the long term leadership of Berkshire Hathaway.
Jain’s stock purchase shows that he not only believes in leading Berkshire, but owning it as well.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.