Original title: German media: Buffett's new performance is eye-catching.

According to the German news channel website on Aug. 7, the holding company of investment legend Warren Buffett showed strong data: Berkshire Hathaway's second-quarter revenue rose 1/5 from a year earlier.

It is reported that the recovery of COVID-19 's crisis helped the investment company of Buffett, known as the "god of shares", to make considerable profits in the second quarter. As the company announced, operating results rose 21 per cent to $6.7 billion in the three months to the end of June compared with the same period last year.

Berkshire Hathaway also spent about $6 billion to buy back its own shares. According to the company, about $13 billion was spent on such share buybacks in the first half of 2021.

The report points out that Berkshire Hathaway can afford it. Although cash on hand is down $1.4 billion from the previous quarter, it still has about $144 billion in liquidity at the end of the quarter.

According to the report, for many years, the financial market has been looking forward to the 90-year-old stock market master's real big deal, but in view of the market valuation is too high, it is difficult for Buffett to find suitable investment and acquisition targets. Since the end of 2019, Buffett has increasingly used Berkshire Hathaway's huge cash reserves for share buybacks.

Berkshire Hathaway reportedly owns about 90 companies, plus shares in large listed companies such as Bank of America Corporation, Coca-Cola Company and Apple Inc.