" Berkshire Hathaway
said Thursday it has resumed repurchasing its own shares for the first time since 2024 and separately new CEO Greg Abel bought $15 million worth of stock himself, an amount equal to his after-tax annual salary.

Abel told CNBC he will continue using his full salary amount to purchase Berkshire shares every year.

The Omaha, Nebraska-based conglomerate disclosed in a regulatory filing that it began buying back its Class A and Class B shares on Wednesday. Berkshire’s stated policy allows the company to repurchase stock whenever the chief executive — after consultation with the chairman of the board, Warren Buffett —believes that the repurchase price is below Berkshire’s intrinsic value, according to its annual report released over the weekend."

That report was from March 5th or so and brkb responded positively to that news, rising to 500ish. That report should have disclosed at least a 50-cent quarterly div IF Greg was really in control, and, there was no need to repost a return to buybacks if they only intended to buy an odd lot in the quarter. That press release had Buffett's name all over it, imo, but I'm still giving Greg the benefit of doubt.

As a result, I sold calls yesterday into the rally. Until I'm certain how Greg thinks about certain issues, I'm still a very conservative, long. IF, IF, there isn't a meaningful buyback in q-2 my plans will change, accordingly.

GL to all it's been an interesting journey.