Berkshire Hathaway (BRK.A) (BRK.B) is buying Dominion Energy's (D) natural gas transmission and storage assets for $9.7 billion cash and debt assumption. This is Buffett's first big purchase since the Covid-19 pandemic. A "Buffett buy" has been eagerly anticipated and debated among market participants and pundits, as Berkshire had been more active in the crash of 2008 and prior crises, and Berkshire uncharacteristically actively sold airline stocks into the Covid crisis.
Despite saying the "world has changed" after Covid, Buffett clearly thinks one thing has not changed: the