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Berkshire's Buffett Responds to Kaminsky's Comments

Thursday, 13 Dec 2012 | 5:31 PM ET

CNBC's Melissa Lee reports on a letter from Warren Buffett regarding comments made by Gary Kaminsky, who was critical of Berkshire Hathaway's purchase of more than $1 billion of its own shares from the estate of a long-time shareholder. Kaminsky suggested the buyback may have been motivated by lower tax rates this year. Buffett took issue with Kaminsky's comments.