Subject: Re: Chris Bloomstran ,
" For an investor it's just capital allocation, not different from the company purchasing shares of a different company. In neither case does the shareholder get that money to spend."

Good morning bud. Many years ago Buffett decided to buy and promote IBM and Ginny, which I strongly opposed on the Fools board, before the Fools canceled me, remember partner? In real time I pounded the table that Buffett should be buying brk not ibm. The opportunity cost of buying ibm over brk must be in the tens of billions. Do you think Buffett agrees with your position on the buyback issue? Rethink it bud, thank you.