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No. of Recommendations: 2
I agree this won't hit the little guy, but it does hit family businesses.


That's what Berkshire Hathaway is for. If your family business is worth at least $100 million and you have competent management in place and a reasonable succession plan, Warren will buy it in exchange for BRK stock and leave the family members in day-to-day control of the business. You can then sell-off sufficient BRK shares to pay the estate tax and keep the family business.

Warren isn't interested in running your jewelry store as long as the family is providing a sufficient ROI. See page 6 of the 2015 Chairman's letter to Shareholders

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