There are many critics of corporate stock buybacks, but Warren Buffett is certainly not one of them.
In his latest annual letter to shareholders, the Oracle of Omaha revealed that his holding company, Berkshire Hathaway (BRK-A, BRK-B), had spent nearly $25 billion repurchasing class A shares. Buffett said the action “demonstrated our enthusiasm for Berkshire’s spread” of vast holdings, which include major companies like Apple (AAPL), Bank of America (BAC), Coca-Cola (KO) and Merck (
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