Oct. 4 (Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said his company’s announcement last month that it will repurchase shares reflects his view that the stock was undervalued.
“We will buy our stock when we think it’s selling for less than it’s worth,” Buffett, 81, said today at Fortune magazine’s Most Powerful Women conference in Laguna Niguel, California.
--Editor: Dan Kraut
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