From the Thanksgiving letter while not immediately it sure sounds as if WEB is going to accelerate his stock sales in order to distribute more money to his kids charitable foundations while they are still at an age where they will decide what to fund. On of the points always raised about buybacks is that it was never really possible to buy stock in size even within a 1 year time period. Well, this is the once in a lifetime opportunity for BRK to purchase a significant amount of shares...much more so than a Dutch auction. Simply come to an agreement with the charitable foundations that when you want to sell we are interested in being the buyer...for example just take the average share price over the last 90 days, etc. With the large amount of cash currently held this would be no-brainer especially if the price is between 1.4 and 1.8X book. Or...do we prefer that the foundations receive the massive amount of B shares and just sell them on the open market?