In reply to several messages regarding why one should buy BRKa over BRKb, I guess the main reason is that the commission is
less. I heard WB one time on TV, and he really didn't care too much for the fact that brokerages get the fees that they did (this
was back before the discount brokerages and computer buys really took hold) I believe that was one of the main reasons stated
for selling one large share rather than many small shares. It could also be one of the main reasons for why this stock isn't
touted by brokers.....I'm sure they would rather go for the big commissions, so why tell you how good BRK is.
I was over on the BEL board and saw you making trouble for all the Bell Atlantic owners with your view on stock splits. No wonder they come over here and razz us! Spoken like a true BRKa owner!
But I must say, if you only have one ten dollar bill, it's nice to be able to buy _something_ with it!
Lots of good questions. I can't answer them all. But I can tell you when I bought BRKA at 47,550 it seemed awfully high. It always seems high. Since I'm not selling, I guess that means I think it will go higher. I do.
Big difference between BRK and a mutal is mutual funds have lots and lots of rules. They are limited to how much they can allocate to any particular holding. Warren, however, can buy firms outright if he so chooses. He can buy commodities (as he did with silver). He has much freer rein, which could be a cause for concern. But he has a lengthy track record of usually using this freedom with great wisdom. See owner's manual. I believe it's at www.berkshirehathaway.com/owners.html
I believe you can set up a trust for your kids, and if you have at least 3 kids you can give 1/3 share to each kid = $20K tax free = $60k = 1 share BRKa tax free per year. Then put one whole share in the trust.
Because you go through life placidly like the brainless suckfish that you are. When pissants like you also own BRK, then I must question my own wisdom for including it in my portfolio. Therefore, you are an ignoramous of some value.
Found owner manual most helpful. Thanks very much for the reference. I had looked at BRK off and on for some time, but the dips are few, the climbs pronounced, and I worried about Warren's mortality. I finally plunged in a couple months ago to catch a beautiful ride so far. I would expect a sickening thud should Warren's health suffer, but there are worse threats out there in the pitiless pit of the stock market.