No. of Recommendations: 6
<<<<someone at the Annual meeting asked Buffett why he didn't repurchase shares the previous quarter, since the share price fell below that limit….
…..future-released information would mean Berkshire keeps a live running total of book value to use for repurchases. I don't think Buffett even considers using something like that …>>>
The questioner was Gregg Warren. To me, this sort of lays bare the dichotomy of how Berkshire does accounting and reporting versus everyone else. Gregg represents the peanut gallery.
“We add up revenues, subtract expenses and report earnings”..Buffett. What a simple idea to follow 😉
