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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: AdrianC 🐝  😊 😞
Number: of 19824 
Subject: Re: Book Value & Repurchase History
Date: 11/03/25 10:41 AM
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No. of Recommendations: 3
The repurchase algorithm is likely more than just "anything below xBook", it likely looks like this.

1) Is there excess cash? --> Yes
2) Are there any attractive investments --> No
3) Is BRK cheap --> Not yet


Also, "Is BRK cheap" is probably not "is it below xBook". Buffett told us how to value Berkshire:

"I believe Berkshire’s intrinsic value can be approximated by summing the values of our four asset-laden groves and then subtracting an appropriate amount for taxes eventually payable on the sale of marketable securities."
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