That's not true at all. Given Buffet commandeers buybacks in his own company I find it hard to believe he doesn't understand them.
https://markets.*.com/news/stocks/warren-buffett-berkshire-hathaway-share-repurchases-stock-buybacks-market-bargains-2022-6
Rather then respond in an educational way to your obviously baity question, I will instead encourage you to do some research yourself.
Ann: Appendix 4D and Half Year Financial Report, page-119
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Last
$7.48 |
Change
0.150(2.05%) |
Mkt cap ! $6.257B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.54 | $7.41 | $40.98M | 5.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4485 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.48 | 14075 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |