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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: Munger_Disciple ✭🐝  😊 😞
Number: of 21943 
Subject: Re: Back to Berkshire...
Date: 06/09/24 1:43 PM
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I try hard never to read too much into Mr Buffett's moves as that way likes madness. But I have to say, the buybacks at around $403-$405 seem to be a more bullish signal than I would normally expect...

I think Warren and the board have decided to buyback stock as long as it is below (and not necessarily way below) their estimate of intrinsic value on a fairly regular basis since 2019. This was confirmed in an interview by Susan Decker, Berkshire board member during the 2024 annual meeting weekend in Omaha. I believe that this decision was taken so as not to have the cash pile grow too large. Naturally they will buy back way more if the stock is very cheap and there aren't many opportunities to deploy the excess capital and less when the opposite is the case.
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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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