No. of Recommendations: 2
"Purchases of Berkshire that investors make at a price modestly above the level at which the company
would repurchase its shares, however, should produce gains within a reasonable period of time. Berkshire’s
directors will only authorize repurchases at a price they believe to be well below intrinsic value."- Buffett, Special Letters from Warren & Charlie RE:Past, Present and Future
Surely there are times when the stock is expensive/stretched versus it's fundamentals, etc. Buying it around where they do is likely a good strategy. It doesn't have to be any more complicated than that. We are a bit above where they have recently repurchased, fwiw.
