Why Is Warren Buffett Buying Back Berkshire Hathaway Stock?.

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December 27, 2012 - 8:43am

By DailyFinanceEarlier this month, famed billionaire and Berkshire Hathaway (BRK-A) (BRK-B) chairman Warren Buffett dropped a bombshell.Breaking with past practice, and changing the financial rules he himself laid down, Berkshire is buying back its own stock -- and plans to keep buying back its stock at any price up to and including 1.2 times "book value."What's book value?


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