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|Subject: Re: barrons article re buffett||Date: 4/22/2007 3:14 PM|
|Author: Metal27||Number: 25934 of 41406|
Gee, I thought he issued the B shares precisely out of concern for smaller shareholders.
Nice to meet someone as sarcastic as I am!
At my broker it costs $10 to get out of as many shares of Berkshire as you want. Plus, if you hold it a year you get a lower tax on the sale. Some cost.
Ahh, but you bear the cost, not BRK, which is my point.
I fully agree with your last point. I think the problem is that Mauzy did not work the numbers. If he had, I think the results would have buttressed his argument. BRK is plainly suffering from an increasingly large embarrassment of riches.
(Still re-reading Fisher's book. I don't yet know if I like it or not, but it has definitely caused me to re-think my approach to investing.)
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