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Selling 20 millions would cost you a little fortune in broker fees. In turn BRK are buying back and paying brokerage. It makes sense to sell directly. And I don
by otherme123 7y ago
Selling 20 millions would cost you a little fortune in broker fees. In turn BRK are buying back and paying brokerage. It makes sense to sell directly. And I don't think you get a better price than the market even selling 20M, you just sell at market price.
This saves money to YOU, the shareholder, so you should be happy with it.
- nodesocket 7y agoBroker fees? I assume you mean the individuals entity that manages their portfolio charges a fee. Obviously when you have that much wealth you aren’t using E*Trade or Schwab $0 commissions trades.
- mrfusion 7y agoYou can certainly have that many shares in a normal brokerage.