Subject: Re: Repurchases
What should we make of Warren repurchasing stock in May at $627K but not repurchasing stock in June or July when the stock price got down to $611K? Maybe the time spent at $611K was too brief.

Were the repurchases in May open market repurchases, or were they from heirs of people who had recently died, or from people who wanted to sell their old blocks of shares for some other reason. I think BH has a policy of purchasing large blocks of shares from long-time holders directly instead of allowing those A shares to hit the market.