No. of Recommendations: 12
So why did WEB buyback at $335/share last?
Presumably some at prices higher than that, too---that was merely the average price paid in June.
A mix of a few reasons why my conclusion is different--
* Mr Buffett isn't as greedy as I am in terms of short term return when looking at deploying capital, partly because...
* ...vast and rapidly growing piles of idle cash are not a current problem for me.
* Mr Buffett is smarter than I am.
I'm in effect wagering that it's pretty likely that there be an even better deal soonish, either in Berkshire or something else solid.
I do have a broader viable opportunity set.
Jim
