Subject: Re: Chevron Buyback & Dividend Raise
Tremendous indeed, and thank you for the data.

Especially as regards a Berkshire board, let me quibble with the word "float", however.

"Float", from an insurance/Berkshire standpoint is (my phrasing) "no-cost (or at worst, low-cost) capital we have indefinite access to. While it's not ours, any gain we accrue on it is ours"

whereas I think you meant "outstanding share count" (or some such equivalent) which is "entities who have claim on our future cash flows, and we thus wish all of them (except thee and me, of course)to be bought out and therefore go away"

--sutton
happy with big float, small shareholder base