new thread jad, here is the bottom line. For years buffett told guys like geepod, if you have to sell at book or below, too bad, sell it. In sept 2011 buffett got tired of watching HIS STOCK sold off below book by the foundations and he found buyback religion, to goose the stock back above book, period, end of story. He had little to no interest in buying back size, he just wanted the stock back to 1.1 xs book. He HAD to lift the buyback to 1.2 xs book to buy the block from the estate of an old loyal friend. He bought another odd lot, 100 million in the market to make it all kosher, thank goodness THIS TIME, buffett got advice from a lawyer who knows securites law , the sokol mess had a positive effect !!