September 26, 2011, 10:21 AM ETWarren Buffett Scorns Stock Buybacks (Except Now)Article Comments (11) Deal Journal HOME PAGE »EmailPrintTwitter Digg + More close StumbleUponMySpacedel.icio.usRedditLinkedInFarkViadeoOrkut Text By Shira OvideReutersThere are a bundle of remarkable things about Berkshire Hathaway’s announcement today that it plans to buy back an unspecified amount of its own stock.One, the conglomerate has never under Warren Buffett’s watch repurchased its own shares. That’s 40-plus years of never.Two, this announcement is an implicit admission that Buffett can’t grow returns as he has in the past. Buffett has been warning for years that he won’t be able to keep pace with his track record of shareholder returns. What seemed like tamping down of expectations may actually be true now.
via Warren Buffett Scorns Stock Buybacks (Except Now) – Deal Journal – WSJ.