Subject: Re: Buybacks
Yes, that was the unpalatable reason I had in mind... :-(

Just to add a little more supporting evidence for no additional buybacks NOT being due to waiting for the annual meeting.

Berkshire repurchased shares consistently from July 2018 until the end of June 2024. During that six year period, they continued share repurchases through the ~two week period between end of Q1 and the creation of the Q1 report (~April 15)in all years except 2020 (pandemic) and 2022 (bv above 1.5x).

I believe we can infer they are not averse to purchasing shares during the period.

Jeff