Solutia Buffett pt AAPL

He suggested buying back stock. He recalled a conversation with Steve Jobs a few years ago: „When Steve called me, I said, ‘Is your stock cheap?’ He said, ‘yes.’ I said, ‘Do you have more cash than you need?’ He said, ‘a little.’ [laughs] I said, ‘then buy back your stock.’ He didn’t … But if you could buy dollar bills for 80 cents, it’s a very good thing to do.” He also added: „Berkshire has gone down 50 percent four times in its history. When that happens, if you’ve got money you buy it. You just keep working on building the value.”

Seeking Alpha

 

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