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Buffet has said before that it's intentionally high to keep out short-term traders and inexperienced traders. He wants investors who will hold for long terms. I
by rexelhoff 5y ago
Buffet has said before that it's intentionally high to keep out short-term traders and inexperienced traders. He wants investors who will hold for long terms. If the price is so high, there's only a particular clientele that can afford to buy it.
They do have a different code of class b stock that is more affordable.