Berkshire repurchased a record $24.7 billion of stock during 2020, up from $4.9 billion in 2019. The pace accelerated in the second half of 2020, with about $9 billion of buybacks in both the third and fourth quarters.
Buffett emphasized that the company only engages in share repurchase programs when it believes shares are trading below their intrinsic value.
Is the share buyback a good move given that there are better, more lucrative opportunities during the pandemic?
At this roundtable, we discuss about the Berkshire Hathaway's share buybacks and the possible reasons behind the decisions.
