Invite ye felawes and frendes desirous in gold to enter the gates of Shrewd'm, for they will thanke ye later.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 2
I think buybacks are great ... at a good price, of course.
But I think the formal announcement in near real-time that buybacks have begun is a terrible idea and sets a very bad precedent. There was no need for that announcement and associated SEC filing.
No. of Recommendations: 1
" But I think the formal announcement in near real-time that buybacks have begun is a terrible idea and sets a very bad precedent. There was no need for that announcement and associated SEC filing."
To repeat, there was no need to stipulate a 1.1 xs BV limit when the buyback was first initiated.
There was no reason to raise the buyback limit to 1.2 xs BV.
There was no reason to announce brk MAY act on a buyback that has already been authorized.
For the deep thinkers, and the slow learners, you know who you are, WHY has Buffett done this over and over again?
Thank you.
No. of Recommendations: 16
But I think the formal announcement in near real-time that buybacks have begun is a terrible idea and sets a very bad precedent. There was no need for that announcement and associated SEC filing.
I agree there was no need for it. The buyback authorization was already in place.
It's a typical classy action by Berkshire. I admire them for it. And it won't make much economic difference, I think. Berkshire will go out of fashion again and will be able to buy $10s of billions worth again, like they've done before.
No. of Recommendations: 1
" I agree there was no need for it. The buyback authorization was already in place.
It's a typical classy action by Berkshire. I admire them for it. "
You are one of the greatest bud.
