1.28
Anyone seen him taking practice swings at GOOG or COST ?
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It’s jut 1.17 x peak to date book value. Buffett should be repurchasing Berkshire hand over fist, but seems to refuse to invest in the Bird in the hand. Choosing instead to look for a bird and a half in the bush.
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Could it be that he has reasons? 
Could it be that he has reasons?
Probably filling a managerial wish list to be diversified away from Berkshire’s core business. At shareholder expense of course, and in opposition to the old Owner Business Principle #8.
He has this weird aversion to keeping Berkshire’s price at a reasonable level for retired folks who need to sell a share every now and then, and he’s worried about influencing the price.
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He has this weird aversion to keeping Berkshire’s price at a reasonable level
He refuses to manipulate Berkshire’s share price?
Good!!!
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