Subject: Re: Buybacks and announcement
But I think the formal announcement in near real-time that buybacks have begun is a terrible idea and sets a very bad precedent. There was no need for that announcement and associated SEC filing.

I agree there was no need for it. The buyback authorization was already in place.

It's a typical classy action by Berkshire. I admire them for it. And it won't make much economic difference, I think. Berkshire will go out of fashion again and will be able to buy $10s of billions worth again, like they've done before.