Subject: Re: He sold more BAC
Interesting. Avg. BAC daily volume is 35M shares so BRK’s volume is 18% or so of avg. daily volume. Will be interesting to see where WEB feels the “right” size position will be with current pricing and conditions. More trimming to come based on WEB’s past behavior.

I saw on BAC website they will increase their dividend 8% and authorized $25B in buybacks (7.6% of current market cap) of course now at a higher prices. Authorized buybacks would have been better last summer when BAC was priced in the mid 20s!