“Berkshire has repurchased about 1% of its outstanding shares during each quarter in 2021. Its current market value is around $648 billion. Berkshire has repurchased $20.2 billion of stock so far in 2021 and is on pace for about $27 billion for the full year, above the $24.7 billion repurchased in 2020.”
https://www.barrons.com/articles/berkshire-hathaway-stock-price-earnings-51636202458
If you’re in a secular bull market in oil and the offer side on new assets is too high you should be shrinking the denominator, right?
The Texas Pacific Land Trust Investor 
Why can’t he just purchase TPL and we can all go home happy!!!!
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What does BRK doing affect TPL?
And what would interest BRK in TPL anyway.
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He is comparing buyback programs. Buybacks have been a staple of TPL return since inception.
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It doesn’t. He is comparing buyback numbers. Truth is I misread it as well that Berkshire bought 1% of Tpl
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