We lose our basic reason for choosing BTF, that is, BRKA/B at a over 20% discount with a 50% weighing in Warren's enterprises. The watered down allocation to BRKA/B could result is a even bigger discount to NAV.
Wondered why MR. H and family have been focused on building up ownership/control of BIF ($255 mil market value) and negative on BTF ($363 mil). Very selfish and self serving MR. H to have been hiding your intentions. It's like Chrysler buying FMCO.
INMHO the CEF discount could increase and losses grow. Look at primo CEF w/ minimal fees, like PEO & ADX which have large discounts.
MR. H, you could lower the fees w/o throwing us under the bus, especially on your largest CEF.