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Doable, but I'm not sure I see the fit.

This is to solve which problem?

A place to park funds till an elephant is in the cross hairs?
Not really a good solution for that...too hard to liquidate tens of billions, and prices might be unpleasantly low at that time.

Or a place to invest capital long term?
This is not going to be market beating on average by any meaningful amount, unlike the bulk of the assets already owned.
So Berkshire would gradually just become another closed end fund that was mostly market tracking.
Buybacks even at full fair value would be preferable, in my view.

In either case, there is a certain infrastructure needed which Berkshire could build but doesn't currently have.
Is that money well spent? Would it really be better than the low offerings that are out there?
Either way, getting in and out is gated by the liquidity of the underlying stocks.
I kind of assume it would be a low fee ETF thing, but it could farmed out to the a high fee choice like the Renaissance Institutional Equities Fund : )

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