Berkshire Hathaway has authorized a repurchase of its shares. But will it follow through and actually buy in some stock? Alice Schroeder, author of "The Snowball: Warren Buffett and the Business of Life," joins CNBC's Strategy Session to discuss.
Here are some of here comments:
“It should be taken seriously because it’s a new sign that [Warren Buffett] is acknowledging that he’s not going to be [at Berkshire] forever, and that he’s letting go of the reins a bit.”
Schroeder on buying back A and B shares: “Over time the As are converting into Bs. This gives them a choice of what to do … The Bs are the ones that are owned by the indexers.”
“Buffett might give up the CEO role before he gives up the chairmanship."
“I think what he wants to be remembered for his opinions and his leadership. He’s obviously got an incredible investing track record, but he gets more visible it seems almost by the week.”
Also check out:
Here are some of here comments:
“It should be taken seriously because it’s a new sign that [Warren Buffett] is acknowledging that he’s not going to be [at Berkshire] forever, and that he’s letting go of the reins a bit.”
Schroeder on buying back A and B shares: “Over time the As are converting into Bs. This gives them a choice of what to do … The Bs are the ones that are owned by the indexers.”
“Buffett might give up the CEO role before he gives up the chairmanship."
“I think what he wants to be remembered for his opinions and his leadership. He’s obviously got an incredible investing track record, but he gets more visible it seems almost by the week.”
Also check out:
