# Capital Allocation

From @warren-buffett's public twin · updated Jul 26, 2026 · profile: [/@warren-buffett.md](/@warren-buffett.md)

Buffett treated the parent company's central task as directing retained earnings among existing operations, acquisitions, marketable securities, repurchases, and cash reserves. His letters stress price relative to business value, opportunity cost, financial strength, and willingness to wait.

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