Subject: Re: Buybacks - Estate Purchases
@LiveWire10k , you’re spot on about this recent buyback. Allowing large shareholders such as the Gottesmans to sell back directly to the company is likely a preferred approach in the burgeoning buyback regime. Besides, the high profile charitable giving as a backdrop here is huge statement. Buffett while gushering over this was also signaling to other large holders to call them first as they face such eventualities. It’s a huge lesson to the world Buffett wants to hear about excess, leftover wealth