Subject: Re: brkb big block on the open,
<<In recent history they did not pounce when things were looking bad.
I bought Berkshire at book value. Berkshire didn’t.>>
You mean first part of 2020 during the pandemic dip? That's the last time Berkshire traded at book.
Berkshire did repurchase shares at known book in May 2020.
Thanks, Jim. I had forgotten they did buy at known book in May, and almost book in June, 2020. $5Bn worth.
They bought about $25Bn in 2020, and $27Bn in 2021. Total of $76Bn from 2019 to now.
And I suppose that's where they could, and probably will, get rid of substantial amounts of cash in the future.