Buffett's Plans and the Buyback

Wed, 09/28/2011 - 22:23

In this latest Bloomberg column, I give some views on how the share repurchase fits into Buffett's plans -- which are changing.

UPDATE: Buffett with Betty Liu on Bloomberg TV says Berkshire has begun to buy back stock. Confirms it's undervalued. Has enough cash to continue to make acquisitions while buying back stock.

Also, in yesterday's news, Texas gov. Rick Perry said of Buffett, "Mr. Buffett is a real intelligent individual [sic], but I can promise you he doesn't know what's going on in places where the job creation is at zero because of over-taxation and over-regulation" (without naming where these places might be). Buffett got off lightly; Perry didn't accuse him of treason or say he's running a Ponzi scheme.

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Sat, 02/04/2012 - 21:06 — Anonymous

Do you really believe your own articles?

Buffett only wants higher taxes so that he can profit from future taxpayer funded bailouts.

You notice Buffett never advocates a tax policy that would hurt him? Such as a confiscatory wealth tax?

With the U.S. government spending trillions on wars, bailouts, etc. etc., why would anyone want their tax rates hiked to pay into this machine?

If he's really angry about Wall Street's wealth exploding-it's NOT because of low tax rates so much as it's the fed easy money policy (or free money policy) and bailouts of Wall Street.

Buffett, as usual, is talking out of both sides of his mouth, and so are you Alice. You are getting snowed by the snowball.

NOTE I'm not sure where this writer is getting something about taxes from the Berkshire share repurchase. However, this comment (including the sarcasm) is quite representative of the reaction to the "Buffett tax" proposal from a large percentage of the business people that I know.

Fri, 09/30/2011 - 17:24 — Anonymous

Ms. Schroeder, I am curious

Ms. Schroeder,

I am curious whether you have an estimate of intrinsic value and whether you use the two-column method.

Thu, 09/29/2011 - 04:37 — Les Feigley

Markets & Uncertainty

They say markets do not like uncertainty. This perhaps resolves this problem & opens door to positive future. Thanks for your informative website which offers timely information and window into future.

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