Message Font: Serif | Sans-Serif
No. of Recommendations: 0
To buy it at 1.13, he would've had to change the buyback limit, and would've had to publicly disclose that beforehand,... which probably would've goosed the stock price rather quickly.

I understand why Buffett feels the moral obligation to inform his "partners" before the buybacks (though I completely punishes the remaining in favor of the exiting).

But I don't see why Berkshire has a legal obligation to inform the shareholders about any buy back levels. I've never heard any other corporation do that. They simply announce that their board has approved $X for share buybacks, then they buy it whenever they want and at whatever price they want. Why is this different?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.