Berkshire Hathaway Board of Directors Approves Share Repurchase Plan
I’ve made no secret of the fact I’ve been a net purchaser of Berkshire Hathaway shares for the past year. The valuation seemed (and still seems) absurdly low relative to intrinsic value. Apparently, the Berkshire Hathaway Board of Directors and management agrees.1 The company is now looking at itself as the best use of the firm’s cash.