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Buffett email on buybacks:

Buffett is apparently responding to something Gary Kaminsky (someone on CNBC?) said today. The article somewhat confusingly says that Buffett is responding to Whitney Tilson. It looks like Tilson only shared a copy of Buffett's statement in response to Kaminsky.

The estate tax point Buffett makes is one that I made earlier today: The step up in basis would result in minimal difference between the sale taking place today or in 2013.

It must suck for someone on CNBC to be schooled in decades old tax law by Warren Buffett.
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