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2min chapter
Andrew Wagner on Copart (CPRT)
Yet Another Value Podcast
Is Berkshire Hathaway Not Buying Back Shares?
I think that makes total sense. And I hate to being Berkshire Hathaway into this, but Warren Buffett kind of talks about that all the time. It's one of my favorite things when I read through a tender dock and it says, hey, directors and officers own 10% of this company, we're buying back 20%. And none of the directors and officers are tendering in this thing. Let me turn to peers. This is an oligopoly. It should be an advantage business. Why is co-parts so much better than IAA? Or is that mistaken? Is IAA just as good as co-part?
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