Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (8) |
Author: BRKNut ✧⎊  😊 😞
Number: of 22352 
Subject: Re: Buyback average price
Date: 06/05/24 10:10 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 12
<<<The key phrase here is "conservatively determined." That is parallel to "margin of safety." I disagree that Warren would buy shares without including some protective discount in his reasoning. Warren doesn't use a short term value for IV. He uses a smoothed value.>>>>

Based on some rather short comments on the subject of buybacks by Warren at the annual meetings(that I picked up), I'd venture to say that Greg Abel is the one behind the wheels over the past few years already. Why? Buybacks will make up the motherlode of capital allocation decisions over the coming decade and it is a great education/mentoring opportunity to estimate Berkshire's IV than doing the same with other outside businesses, where information is subject to interpretation. Warren can watch over the lad and that's a good thing.

So, if we are perceiving some change in the buyback regime, I'll chalk it up to a new bus driver.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to BRKNut here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (8) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community