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There are class B shares, so there's no need for fractional shares. I don't like the idea of paying the Berkshire premium myself (as it's priced greater than t
by SamReidHughes 4y ago
There are class B shares, so there's no need for fractional shares.
I don't like the idea of paying the Berkshire premium myself (as it's priced greater than the sum of its assets) but I'd rather hold it than SPY.
- listenallyall 4y agoThe problem with your logic is that when Berkshire takes a position in a new company, you, not being a BRK shareholder, must pay a significant premium to clone that position. In other words, once it becomes public info that BRK bought a lot of company X stock, that stock will likely have jumped 10-20%, and you're forced to pay the higher price to maintain parity.
- deleted 4y ago[deleted]