No. of Recommendations: 1
I don't recall Buffett saying anything about 10% off.
In 2018, he said BRK would buyback shares when both he and Charlie believed the stock was below a conservatively calculated IV. But nothing about a 10% discount to IV, so I stand corrected. My point remains that he may be getting more aggressive in his repurchasing. I can't imagine him ever paying above IV, but he may be trying to calculate IV more closely and be willing to pay much closer to that value, particularly when his cash balances are high.
