Buffett's Plans and the Buyback
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.