After my last post saying I disagree with Berkshire being cheap, I got the ultimate smack down: Warren Buffett announces the first stock buyback in the history of the company.
So, am I wrong? Time will tell. However, one thing we know for certain: Berkshire has a new pair of executives to pay, and I'm still guessing more on the way. Berkshire has never paid employees in stock before (as far as I know,) but any other company worth the paper on which their stock certificates are printed knows they have near continuous buybacks to offset dilution as a result of stock based compensation to management.
Call me a conspiracy theorist, but I see where this is going in the long run!
