No. of Recommendations: 3
" (4) Markel CEO Tom Gayner, speaking at the Gabelli Omaha Value Investor Conference earlier this month, compared Berkshire’s balance sheet to the Rock of Gibraltar. When asked how capital allocation might evolve under this new regime, he marveled at the unparalleled optionality Berkshire’s cash affords it.
“I would expect that share repurchases will become a much more meaningful thing at Berkshire than has been the case in the past,” said Gayner. “I think the idea of a dividend is within the realm of possibility. I would not think of [initiating a dividend] as a negative signal in the sense that some people might.”
He doesn't make the case but at least he gets it. :;))
https://www.kingswell.io/p/the-berkshire-beat-may-... 