Subject: Re: New post from Brooklyn investor
“At some point won't the board and/or WEB simply institute a mechanical rule on share buybacks?

A constant $30-40B share buyback without regard to IV.”

Calculating a rough IV can be mechanical, see Buffett’s 5-groves. He could write it down on a single sheet of paper, though if Greg can’t figure it out for himself we have bigger problems.

Buyback would never be without regard to IV.