Graham definitely advocated for management to issue stock if the share price was overvaluing the business. While Buffett definitely has his own Graham-influenced approach, I'm not sure it could be ruled out that Berkshire would institute an ATM if the shares started trading at, say, 3x Warren's estimate of intrinsic value.
Graham definitely advocated for management to issue stock if the share price was overvaluing the business. While Buffett definitely has his own Graham-influenced approach, I'm not sure it could be ruled out that Berkshire would institute an ATM if the shares started trading at, say, 3x Warren's estimate of intrinsic value.
Graham definitely advocated for management to issue stock if the share price was overvaluing the business. While Buffett definitely has his own Graham-influenced approach, I'm not sure it could be ruled out that Berkshire would institute an ATM if the shares started trading at, say, 3x Warren's estimate of intrinsic value.