Historically, Berkshire Hathaway Has Only Bought Back Stock Below Its Intrinsic Value. Here's How Investors Can Apply Warren Buffett's Discipline to Their Own Portfolios.

New Berkshire Hathaway CEO Greg Abel is following Warren Buffett's disciplined approach by buying back company stock only when undervalued. The article explains how individual investors can apply this same value-investing philosophy to their own portfolios by adding to positions in quality companies when market downturns create temporary buying opportunities.