that Berkshire buys back about 10% of the firm over the past few years and the new cycle emphasis is how the pace of buybacks slowed through February.
Short term focus as usual.
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https://www.barrons.com/articles/berkshire-hathaway-stock-re…
The reduced buybacks of $1.2 billion in 2022 through Feb. 23, below the quarterly pace of nearly $7 billion in 2021, indicate that Buffett doesn’t think the stock is so cheap after its strength in late 2021 and early 2022.
It could mean that. I don’t think the stock is so cheap, either.
Or it could be that Buffett anticipates a better use for the cash.
We can hope.
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