Subject: Re: Lower buyback prices in Oct
I eyeballed the BRK.B chart and noted that share price was above $350 for the whole month of Sep; it varied from $350 - $362.
In Oct, the price has stayed below $350 the whole month except for one day, where it went to $352. The price varied from $332 - $352.
Today, with the negative reaction to earnings report, the trend of lower prices may continue for a while. It gives Buffett extra incentive to accelerate share repurchases.
FWIW, Berkshire repurchased around $800 million worth of stock from 10/1 through 10/24. (2.316 million B-share equivalents multiplied by whatever you think the average price ends up being)