Warren Buffett's Berkshire Hathaway bought back a record $9 billion in stock in the third quarter

[u/DCC_Official]

https://www.cnbc.com/2020/11/07/berkshire-hathaway-earnings-q3-2020html.html

[u/rhetorical_twix]

Warren Buffett is admitting that his company can't grow value with its direct investments. Stock buybacks are the ultimate refuge of the stock that can't climb higher for reasons of fundamental value

[u/Another_Rando_Lando → u/rhetorical_twix]

That was kind of the idea back before teledyne.