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We do that, too. For example, one of those Redditors owns 22,612 BRK.B shares and has been buying since late 2002. Berkshire spent $25 billion in 2020 (all of
by CharlieMunger 5y ago
We do that, too. For example, one of those Redditors owns 22,612 BRK.B shares and has been buying since late 2002.
Berkshire spent $25 billion in 2020 (all of its operating earnings) on buybacks at an average price of $205 per BRK.B share. That buying continued at almost the same pace in 2021 and the average price paid is $220 per BRK.B share.
We can't buy at that buyback price today, but many of us would gladly pay, say, $250 per share for BRK.B.
- bufferoverflow 5y agoYeah, but what kind of fool would sell BRK.B at $220 in 2021, when you can sell it for more on the stock market?