Yeah, and they were doing big buybacks - HUGE - in 2007 as their market was collapsing around them. They managed to vaporize hundreds of billions of dollars in value for their shareholders because … they couldn’t read the room.
Look, I get that you are impatient. I would just note that the new CEO has been in the job for all of 4 months and 22 days. During that time he has cleaned out a portion of the stock portfolio that he doesn’t think fits (the Todd Combs picks) [no opinion from me on whether that’s the right thing or not], picked up other stuff including a pretty drastic change of direction in tech, snapping up billions worth of Google (Alphabet, actually) and some other stuff: Delta, Macy’s, etc [again, no opinion]. Hosted his first annual meeting, for which I give him a week or two grace for prep, met with leaders of his insurance subs and the railroad on operational issues, and …
You are standing there yelling “Swing, ya bum.” Warren always said “Wait for the good pitch.” Maybe that’s what’s going on.