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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: mungerish   😊 😞
Number: of 21941 
Subject: Re: Alice Schroeder 1999 Paine Webber Analysis
Date: 05/12/25 11:17 AM
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No. of Recommendations: 3
"Which brings us back to the question I tried to get Buffett to answer for two decades. WHY was he so reluctant to authorize buybacks at material discounts to IV? WHY?"

I think the simple answer is that consistently shrinking the shares outstanding also shrinks his 'canvas' as opposed to putting the money to work in outside investments or acquisitions...which obviously expands his life's work.

Is that perfectly rational as a steward of others capital? Maybe not, but we all have our own unique form of humanity and no one is perfect as discussed in another thread here recently.
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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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