Subject: Re: Attractiveness of Price
The A share purchases, heavily RECENTLY, are significant moves consistent with “I can read actuarial tables…I hope to return next year”.
Buffett I’m sure is quite concerned aver “control” of Berkshire. Consolidating control by putting super voting shares in the treasury vault and away from activists seems a logical move to infer from this activity. He gains further control with each tendered A share. Big for HIM.
The appointment of daughter Susie Buffett and his Omaha neighbor longtime shareholder Wally Weiss to the BOD seem like moves to lock in control of the BOD to ward off activists who will surely try to break this up.
And I believe the steady rise in cash with a surprising “guidance” to $200 Billion I believe is ALSO partially attributed to mortality concerns. Unlimited bullets if the stock craters.
A shares maintain ECONOMIC value of 1,500 X B shares. That’s all that matters for those of us who do not seek voting control of the entity. 100 pennies for us equals a buck. The last B share buyback to me is inconsequential for above factors... What Buffett paid for a buck can safely be translated in Pennies for us folks. And that number is 1% higher than numbers higher than today’s price (we don’t pay tax).