Re: I may be crazy

On Thu, 16 Jun 2011 09:38:33 +0100, Thomas Womack wrote:

In article <itcdo1$c1g$16@xxxxxxxxxxxxxxxxxxxxxxx>, Lionel
<imagenoir@xxxxxxxxx> wrote:
On Wed, 15 Jun 2011 02:38:10 +0000, Joe Thompson wrote:

I'm also not convinced that the vehicles available to the wealthy for
holding assets aren't substantially available to "us mere mortals".
It doesn't cost a great deal to form a corporation, for example. --
Joe

Yeah? So you or I could just as easily go buy shares in Berkshire-
Hathaway? - Go look up the price of a single share - I'll wait.

As a side-effect of the BNSF takeover the B shares are now $73.83
(BRK-B)

Indeed, but those are the Class-B shares, which were invented for this
exact reason. If you check, you'll find that you can't vote with them. I
don't recall what the deal is with them WRT to dividends.

Warren Buffett had noticed that someone had set up a fund to resell
thousandths of an A-share and thought this was a damn silly arbitrage
opportunity to allow to exist; though the B-shares were a few thousand
dollars until they needed to be subdivided further to pay out the
rounding errors in converting small BNSF holdings.

Exactly. His newsletters from the time were very educational.

--
W
. | , w , "Some people are alive only because
\|/ \|/ it is illegal to kill them." Perna condita delenda est
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