3 ms·
Stubbornness? More like a deliberate plan to concentrate voting control. You can perfectly well buy Berkshire Hathaway without plonking down a half million do
by LorenPechtel 6y ago
Stubbornness?
More like a deliberate plan to concentrate voting control.
You can perfectly well buy Berkshire Hathaway without plonking down a half million dollars--there are class B shares. It's just class B shares don't have anything like the voting power that class A shares have. Class A shares can be divided up into class B shares but you can't combine class B shares to make a class A share. The result is the owners of the class A shares have voting power far beyond their percentage of the company.
Warren Buffet has no need for a market in class A shares to even exist. The common man should buy class B.