Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (7) |
Author: mungerish ✶  😊 😞
Number: of 15058 
Subject: Re: Alice Schroeder 1999 Paine Webber Analysis
Date: 05/12/2025 11:17 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
"Which brings us back to the question I tried to get Buffett to answer for two decades. WHY was he so reluctant to authorize buybacks at material discounts to IV? WHY?"

I think the simple answer is that consistently shrinking the shares outstanding also shrinks his 'canvas' as opposed to putting the money to work in outside investments or acquisitions...which obviously expands his life's work.

Is that perfectly rational as a steward of others capital? Maybe not, but we all have our own unique form of humanity and no one is perfect as discussed in another thread here recently.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (7) |


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

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds