Greg Warren’s latest

“Having dug deeper into wide-moat-rated Berkshire Hathaway’s (BRK.A) (BRK.B) first-quarter results, we expect to leave our $550,000 ($367) per Class A (B) share fair value estimate in place.”

“Given the defensive nature of Berkshire’s stock, we would expect to see more share repurchases going forward when the market is in bullish territory, and less when the equity markets are bearish and there are better opportunities for the company to put money to work.”…