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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21944 
Subject: Re: IV by the stock repurchase method
Date: 08/03/24 2:05 PM
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This might be a case that you want to make a more nuanced distinction between A and B shares.

If you're going to read meaning into the buybacks, it's worth noting that Mr Buffett has been expressing a strong (and somewhat rising) preference for A shares over B shares. In recent periods that both A and B shares have been purchased, the ratio of prices has been around 1540, not the "economic interest" ratio of 1500.

So, though a share repurchase at $626,685 per A share in May might correspond to $417.79 per B in terms of economic interest, it seems likely that it corresponds to a willingness to do a repurchase at a B share price of only around $406.94.

If reading something into those transactions, it's also noteworthy that no shares were repurchased in June. Most days in June the A price was below $615000 for some or all of the day, so numbers around that level were not enough to tempt him. It wouldn't be a simple matter of having been distracted, as I'm sure he and the broker understand how to use limit orders : )

Jim
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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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