Not true. Berkshire invests in dividend paying companies, and Buffet likes that these companies pay dividends. From Buffet's 2012 letter to investors: > Most c

Not true. Berkshire invests in dividend paying companies, and Buffet likes that these companies pay dividends. From Buffet's 2012 letter to investors: > Most companies pay consistent dividends, generally trying to increase them annually and cutting them very reluctantly. Our “Big Four” portfolio companies follow this sensible and understandable approach and, in certain cases, also repurchase shares quite aggressively. We applaud their actions and hope they continue on their present paths. We like increased dividends, and we love repurchases at appropriate prices. Berkshire itself doesn't pay dividends, but the reasons are largely technical. First, an investor can just sell shares to get a return on their investment. Second, there are tax benefits to doing it this way. In general, value investors like Buffet don't like the mentality that companies should always invest in themselves. Instead, they like well-managed companies that specialize in what they do well. Growing beyond this is what they consider a bad sign.