Berkshire Will Not Buyback Shares! It’s Just Accounting!
via Sven Carlin: Summary The mania surrounding potential Berkshire buybacks has pushed the stock price up 5% but the effect is already fading. Berkshire will not buyback stock at these prices because that would destroy shareholder value. Buffett and Munger are just preparing for what is to come due to the recent changes in accounting policies. … Read more