Buffett’s Odd Answer On Berkshire’s Share Repurchases
Whitney Tilson’s email to investors discussing Buffett’s odd answer on Berkshire’s share repurchases. Buffett’s Odd Answer On Berkshire’s Share RepurchasesQ1 2022 hedge fund letters, conferences and more Glenn and I thought he was asking a softball question and expected a reply along the lines that I outlined in yesterday's e-mail, affirming that Buffett is highly price-sensitive when deciding whether and how aggressively to repurchase Berkshire's shares, but instead he replied: After you were so nice in your introduction [chuckles] I have to say that you're actually wrong. If somebody offered...