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Warren Buffett defends stock buybacks, discusses the railroad business,

Warren Buffett justifies stock buybacks, saying that he has no ambition to "spend a dime" if he doesn't think shareholders will be better off for it. Charlie Munger say Berkshire will be "more liberal" in repurchasing shares. The two also discuss the state of their rail businesses. For information regarding your data privacy, visit acast.com/privacy
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