The Math Behind Berkshire’s “Secret” Buybacks

The Math Behind Berkshire’s “Secret” Buybacks

Buffett’s annual donation of Berkshire shares to philanthropies has tipped off investors that Berkshire has been buying shares in the market since the last 10Q filing was made in April. The articles don’t give the math behind how this was determined, so we set out to do just that. Enjoy!

P.S. I said the market cap was $500bn. It’s $450bn. Not huge but worth noting.