Subject: Re: Why I sold my entire Berkshire stake
However, Berkshire is not returning the cash. Presumably because they remain optimistic that opportunities will come along again.

That got me to thinking on how much Berkshire has returned through repurchases.

FWIW:

Repurchases:
2020 $24.7
2021 $27.0
2022 $8.0
2023 $9.0
Total $68.7

Non-insurance operating earnings:
2020 $16.6
2021 $20.7
2022 $24.4
2023 $22.4
Total $84.1

Over the last four years Berkshire has "paid out" over 80% of non-insurance operating earnings.