No. of Recommendations: 1
" I guess nobility is in the eyes of the beholder. I think it is more noble to oppose a silly idea like this one (that repurchasing shares could be taking advantage of share sellers) than to espouse the idea when it makes no sense. Noble is not a synonym for futile."
Many here would have us believe that when brk had no authorized buyback, Buffett was a man of honor.
When the buyback had a 1.1 xs BV limit he was still, a good man.
At a limit of 1.2 xs BV, still a good man.
Now, at material discount to IV, which he obviously has a huge edge at determining, he is no longer a man of honor.
Reading many of these people is better than three weeks on Naked and Afraid with Jlo!!
ucmtsu,no way.
