Buffett to Buy Berkshire Stock
Warren Buffett has always said he does not want to do share buybacks for he basically felt it took advantage of Berkshire Hathaway's shareholders. In around the year 2000, he was pressed on buying back stock. At that time, he said if Bershire traded significantly below it's intrinsic value that he would consider buying back the stock. He has reiterated this multiple times since then and thus might have reasoned Berkshire shareholders have been forewarned. He even gave guidance to shareholders of where the stock would be just merely cheap if you believe as I that is why he stated they will buybacks the stock up to a 10% premium.
Thus, his conscience is clear, and it seems likely that Berkshire Hathaway is VERY CHEAP relative to Buffett's estimates of the company's intrinsic I am long Brk.a and Brk.b. Not a recommendation and please do your own homework!!!
Happy investing to all, and remember turn CNBC off!!! A soap opera is less theatrical in my opinion.