From The Archives: Warren Buffett On Stock BuybacksRupert Hargreaves
Last month, Warren Buffett made a splash in the market by announcing that his conglomerate, Berkshire Hathaway, was changing its policy on stock buybacks.
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Before the announcement, Berkshire Hathaway's policy on stock buybacks was that the company would buy back shares if they traded below 1.2 times book value. However, under the terms of the new settlement, Buffett and Vice Chairman Charlie Munger can now . . .
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