Here's an idea. "Best use of capital". Slow development a notch...

Here's an idea. "Best use of capital". Slow development a notch and start buying back shares on market if only modestly. If you look at what ROIC is for the current program (which is impressive), compare it to buying back equity at up to 1.4c. There is zero development risk in buying back very heavily discounted equity. If you believe in the future return metrics for the business (and I do) then you arguably should be an even bigger believer in buying back equity at these prices. There is no safer & higher return available to BRK than investing in its own equity at these prices. It's purely a financial decision- the better return here is easily at least a partial buy-back even if it means tapping the brakes on development expenditure a touch. The BoD were happy to facilitate the exodus of a corporate shareholder via the buyback previously. Maybe they could do so again....this time for the benefit of all shareholders, especially those committed for the mid/long term? Or maybe not.....