“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.”

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?

4 thoughts on “BRK

  1. 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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