Subject: Re: Strategy - covered calls in retirement
Maybe Buffett just loves having more Apple and that happiness overcomes what should be his objection to a price-conscious approach. I don't know, but it is indeed hard to understand.

There's an upside and a downside.
You might as well celebrate the upside (more ownership over the long run), since there is really nothing to be done about the downside: Buybacks at high prices aren't as good as buybacks at low prices, but still better than any other viable alternative they have.

One might argue that the best for us as Berkshire shareholders would be a huge Apple dividend, then have the cash received by Berkshire used to buy Berkshire shares.
Interesting exercise: would that benefit us more, or less, than Apple buying Berkshire shares?

Jim