Warren Buffett discussed stock buybacks in the 2018 annual letter to Berkshire Hathaway shareholders starting on page 6.
“My expectation of more stock purchases is not a market call. Charlie and I have no idea as to how stocks will behave next week or next year. Predictions of that sort have never been a part of our activities. Our thinking, rather, is focused on calculating whether a portion of an attractive business is worth more than its market price.” -Berkshire Hathaway 2018 Annual Letter
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