Berkshire Hathaway CEO Greg Abel on resuming buyback program: I absolutely talked to Warren

Core Viewpoint - Berkshire Hathaway has recommenced share repurchases under its long-standing policy, indicating that the intrinsic value of the company exceeds its current market price [2][3][4] Share Repurchase Details - The company has initiated a $20 billion buyback program, with half of it already executed [11] - The last share repurchase occurred in May 2024, and the decision to buy back shares was made after consulting with Warren Buffett [5][6] - The company will continue to repurchase shares as long as the intrinsic value exceeds the market value, although specific amounts and timing will not be disclosed [9][10] Leadership Transition - The share repurchase announcement is significant as it marks the first under the new CEO, Greg Ael, following Warren Buffett's leadership [4][10] - The communication of this buyback is intended to reassure shareholders about the company's direction during the leadership transition [4][10] Capital Allocation Strategy - Berkshire Hathaway evaluates capital allocation across three main areas: existing businesses, acquisitions of whole companies, and share repurchases [13] - The company maintains that share repurchases do not detract from other investment opportunities [14]