UBS Slashes Berkshire Outlook: No Buybacks, Shrinking Income Spook Investors
Wall Street's favorite oracle just got a reality check. UBS downgrades Berkshire Hathaway as cash flow dries up and Buffett's buyback machine grinds to a halt.
No more financial engineering to prop up the numbers—just old-school earnings pressure. Turns out even the 'Sage of Omaha' can't defy gravity forever.
Bonus cynicism: At least the analysts didn't blame 'market conditions' this time.

As Warren Buffett takes a more defensive stance, Berkshire has also been reshaping its equity positions. Recent regulatory filings reveal that the company has fully exited its stake in Citigroup, offloading $1 billion in shares. Additionally, it sold off 48.7 million shares of Bank of America valued at $2.19 billion and divested $46.5 million in Capital One stock.
These moves underscore a broader strategy shift, with Buffett increasingly prioritizing liquidity and capital preservation over equity risk in the current environment.