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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Bluehorseshoe ✧  😊 😞
Number: of 21943 
Subject: Re: Buybacks - Estate Purchases
Date: 05/06/24 12:59 PM
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I think some years back there was a pretty firmly implied promise to be a buyer from existing shareholders, with no particular constraint on valuation levels at the time.

This bit from the 2019 annual letter is what I recall.

“Shareholders having at least 20 million in value of A or B shares and an inclination to sell shares to Berkshire
may wish to have their broker contact Berkshire's Mark Millard at 402-346-1400. We request that you phone Mark
between 8:00-8:30am or 3:00-3:30pm Central Time，calling only if you are ready to sell.”

It’s nice it was used in a couple of charitable transactions as mentioned but it seems to me Berkshire was simply doing what they said they would do.

We really don’t know for certain if there have been similar transactions over the years. Perhaps it was called out specifically this year because it was done at high valuations.


Jeff
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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