Buffett used the wrong buyback hurdle for 50 years and many of you are still obsessed with it.

Buybacks at a premium to BV are dilutive to BV.

Buybacks at a discount to IV, are accretive to IV.

In 2006 I pounded the table for Buffett to authorize buybacks at, material discounts to IV, and to move away from the BV, obsession.

It's 2026 and old timers are still obsessed with BV.

The best way to prove brks IV would be to spin out 20 percent of a few of our wholly owned subs and see what the market will pay for it.

That would help to reduce the speculation with respect to brks, value.

There is NO WAY this happens while Buffett is still active and alert, I'm looking out years.

Buying back stock at 1.4 xs BV proves Greg doesn't have much respect for that metric, alone. Maybe not much at all.

This will go down with my FSFE posts in 2008ish on the Fools board, Foundation Sales Forever Effect, and the shareholder friendly moves Buffett would have to make to help absorb Foundation selling, for 20 plus years. From what I recall of those posts I got all my wishes met from Uncle Warren, except one, guess which one, unstable genius?


ucmtsu,no way::))