Berkshire likely bought a similar amount of stock or more the following week given its share count. Buybacks of $200-$300 million a day have been done by Berkshire. That seems a daily dollar amount Berkshire is comfortable with.

Berkshire’s optionality here is phenomenal. Assuming it’s stock price doesn’t runaway long term—it COULD, if it chose, be positioned to buyback $50 Billion of stock a year for the next 5 years…reducing its share count by 25 to 30%.

That’s $200 million of buybacks every single day of the year…52 weeks of the year. Not a problem. And a huge cash pile left after 5 years. Nice option in your back pocket…

In THEORY it could do this…and not reduce its net cash pile in that time given its cash generation.

OTOH, more preferably, Berkshire stands ready to pounce on game changing large private or public purchases that could build the foundation for a new generation of growth.

Never felt more optimistic about Berkshire. Warren made sure it would be this way for his successor.

Berkshire Hathaway FAQ

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