Buffett says Berkshire Hathaway has bought back 'a little' of its stock since changing policy

Berskhire Hathaway Chairman Warren Buffett said the company has bought back some of its shares as the company changes the metric it uses to decide when repurchases are a good move.

Buffett did not disclose how much stock Berkshire bought back, but he did confirm that he has changed his views.

"We bought back a little yeah," he told CNBC's Becky Quick. "We tie it now to intrinsic business value, which we should have done all along but for a while book value was a good proxy."

This is a breaking news story. Check back here for updates.

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