Dealbreaker’s Matt Levine reports: I’ve always been fond of
Warren Buffett’s schtick of being an adorable Cherry-Coke-drinking grandfather
whose fuzzy sweaters hide some sharp elbows, talking up old-timey value
investing while making his money on distressed sweetheart deals, and railing
against derivatives while doing lots of shady ones. So I’m pleased that today
he basically announced “we bought back a bunch of shares from one deceased
buddy of mine, against our previously announced guidelines for how we’d buy
stock, which we just amended to make this deal happen.” That seems shady!
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