Coca-Cola's Repurchase Policy

We generally like the policy of companies that have really wonderful businesses repurchases their shares. Most companies that repurchase their shares are frequently so-so businesses and they're being done for motivations other than intensifying the interests of the shareholders in a wonderful business. We think it usually makes a lot of sense that it's hard to do things intelligent with money in this world. Coke has been very intelligent about using their capital particularly to fortify and improve their bottler network around the world. Berkshire Hathaway bought its first Coca-Cola in 88 we bought about 6.2% of the company, now we have an interest in 8%.