Subject: Re: Dear Mr Buffett, and your letter next week.
" Any company where the CEO and BoD does things purely to influence the price of the stock is not a company a person should want to invest in."
..
Imagin, thinking you understand Buffett and brk and still not understanding WHY Buffett originally authorized the buyback with a 1.1 xs BV limit for an obvious reason.


The obvious reason is that it was a good investment at that price. Umm, obviously. A good allocation of capital given the alternatives of the time.
You think it was stock price manipulation? If so, you should sell. Nobody sensible would want to own shares in a company run by someone of base and pointless motivations.

Jim