That’s a possibility, or Buffett might have reassessed his intrinsic value estimates. Berkshire is constantly accumulating more value as it retains all earnings (except for repurchases), so his assessment will creep up over time. But I doubt it would be enough to trigger purchases in Q3.
Thank you for sharing your notes. It inspired me to do some googling where I found Alice Schroeder's AMA from 11 years ago. It includes some nice tidbits for the hardcore fans.
Hi Doug - Thanks for sharing this! I remember reading part of this AMA a while ago, but lost the link to it and had forgotten all about it. It’s definitely an interesting read for Berkshire fans. Thanks, too, for your support of Kingswell! Much appreciated :)
I’ll hazard a prediction: $0 of repurchases in Q3.
It’s going to be odd because repurchases are usually the first thing I check in the earnings report and now it will probably be $0 like you said.
The only possible exception I can see to that would be if Berkshire bought back Ajit Jain’s shares in September just to keep the A shares in house.
That’s a possibility, or Buffett might have reassessed his intrinsic value estimates. Berkshire is constantly accumulating more value as it retains all earnings (except for repurchases), so his assessment will creep up over time. But I doubt it would be enough to trigger purchases in Q3.
Thank you for sharing your notes. It inspired me to do some googling where I found Alice Schroeder's AMA from 11 years ago. It includes some nice tidbits for the hardcore fans.
https://www.reddit.com/r/investing/comments/2550vq/hi_im_alice_schroeder_author_of_the_snowball/
Hi Doug - Thanks for sharing this! I remember reading part of this AMA a while ago, but lost the link to it and had forgotten all about it. It’s definitely an interesting read for Berkshire fans. Thanks, too, for your support of Kingswell! Much appreciated :)