Why is this different? One might speculate that the goal isn't really to do all that many buybacks,since they are unlikely ever to be able to do a meaningful number.Rather, it does have the effect of herding the stock price a wee bitcloser to fair value. As Mr Buffett has long suggested, the mostappropriate stock price is the one that's closest to fair value, allowingall shareholders a chance of getting returns that match the performanceof the underlying business during the period of their ownership.Things were just plain getting out of hand in terms of undervaluation.Jim
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