Subject: Re: Use up all our cash and some?
I don't know but we can all hope it isn't some piddling indignity like owning a puny sub-6% of a $3 Trillion dollar company. That's just embarrassing.

nola

Speaking more seriously, I agree with your basic point. Why stop at 6%? And aren't there other great such companies? Is Google really at that much risk long term of being displaced?

BRK itself is probably the largest great company at a reasonable price with a predictable future. But it trades in such low volume that you can't spend enough buying a low percent of daily sales. You have to make an offer to buy back a large chunk at a reasonable price that could attract sellers.

These options are obviously known to Buffett and - so far- he has chosen none of such. What can we conclude except that he's waiting for a better deal?

I guess "We only serve who only stand and wait."