Subject: Re: BV?
We aren't short of cash hence there is no way Buffett would do a secondary.

He has in the past. Admittedly not recently, and the stock was trading at 2.33 times known book that day.

As for not needing the cash, as Mr Buffett has noted, the time to raise money is when it's cheap and you don't need it yet. Maybe a quarter of a trillion isn't really enough!

Jim