Subject: RationalWalk on Berkshire’s Valuation
I don't remember which of the dividend threads had the table of repurchases...
There's a nice table in this piece by Ravi that I had not seen before:
Warren Buffett on Berkshire’s Valuation
https://rationalwalk.com/warre...
From this table, we can see that Mr. Buffett has been price-sensitive in his repurchase activity, but has shown flexibility as well. He has been willing to pay as much as 1.6x trailing book value, but seems far more enthusiastic when he can purchase shares for 1.4x trailing book value or less. Berkshire entirely stopped repurchasing shares starting in June 2024.