Buffett has gotten the messenger- He must declare a dividend.
A dividend is now a must. Buy back of stock, just does not work, to price the stock fairly, and he now must realize this. He owes this to his long time holders. Times are different, and it is much harder to invest the earnings into under valued stocks. A dividend is now a necessity and his people are telling him this.
I think you would be better spinning buisness off as trusts. babby brk's, you get the k1 and the money would be a distribution. kkr is a nice example, For example you could spin of dairy queen and some other assets and buy the rest of mcdonalds. A dividend would be stupid, restructing as a trust and having a distribution would be the way to go.
Tell that to your Buffet. He buys into companies that pay dividends. How do you suppose he hoards the money to buy them out. Goes after those that do so he can take over and hoards it all only to eat all the crumbs while eating his BRKB burger!
I personally don't think you will see a divi until the day WEB dies or officially retires (I think the 2 will happen on the same day). It will be a way to bring the stock up to a normal trading level after it takes a large hit from the above scenario
I agree with you 100%. The dividend has to come, and it will. His retirement or passing, will be the reason for this change. BRK is and will be recognized as the best diversified stock holding company in the world, and some type of dividend must be attached to the stock.