Bitcoiner on Nostr: Berkshire's stock price was so high that it was even troubling for shareholders and ...
Berkshire's stock price was so high that it was even troubling for shareholders and difficult for new entrants. So why hasn't Buffett split the stock, split it or give it away, the usual A-share game? Mr Buffett's wiser answer is that increased liquidity increases friction costs and is detrimental to the stability of old shareholders, preferring to be with people who share the same values and attract shareholders who are equally focused on the long term. This is Buffett's wisdom, to think long term.🥃🥃🥃
Published at
2023-02-03 01:13:16Event JSON
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"content": "Berkshire's stock price was so high that it was even troubling for shareholders and difficult for new entrants. So why hasn't Buffett split the stock, split it or give it away, the usual A-share game? Mr Buffett's wiser answer is that increased liquidity increases friction costs and is detrimental to the stability of old shareholders, preferring to be with people who share the same values and attract shareholders who are equally focused on the long term. This is Buffett's wisdom, to think long term.🥃🥃🥃",
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