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What Warren Buffett thinks of buybacks

Mr Buffett says for continuing shareholders, repurchases only make sense if the shares are bought at a price below intrinsic value.

In the latest Berkshire Hathaway shareholder letter released at the end of February, investing sage Warren Buffett outlined his thoughts on share buybacks.

Partly due to a lack of feasible investment alternatives, companies in the US have been buying back their shares on a...

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