Warren Buffett says Berkshire could buy back $100 billion of its stock over time

Warren Buffett’s Berkshire Hathaway Inc. bought back about $1.3 billion of its own stock last year, but the billionaire investor says in a new interview that figure could wind up totalling as much as $100 billion over time.

In a wide-ranging interview published Thursday by the Financial Times, Berkshire’s chairman and chief executive said the company will keep buying back its shares as long as they’re priced at a point he believes is lower than their true value. “This amounts, in his view, to buying out a partner at an attractive price,” as the FT put it.

Buffett does not welcome the prospect of Berkshire stock one day trading at a “fair” price while other companies’ stocks appear expensive.

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