“Buffett has famously eschewed splitting Berkshire's A shares, which currently trade at over $120,000, more than fifty times the price of the next-highest issue on the New York Stock Exchange (NYSE). He believes these splits are purely cosmetic and likens the process to dividing a pizza into eight versus four slices, with no change in calories or asset value delivered. Avoiding stock splits is yet another filter, helping Berkshire to self-select for longterm owners.”
— William N. Thorndike , The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Tagged: Berkshire Hathaway, NYSE, Ownership
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The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

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