It seems a little implausible to me that Berkshire would sell securities to avoid paying taxes on unrealized gains since they would still be paying taxes by realizing gains. I think Buffett would rather use other available cash rather than sell securities he thinks have good long term potential to raise cash to pay taxes. This motivation could exist for many companies lacking cash but seems implausible at Berkshire. Maybe someone will ask Greg about this at the annual meeting.
Agreed. It struck me as pretty unlikely that this is the reason behind Berkshire's stock sales, but I'm admittedly not at all familiar with the 15% corporate minimum tax and its potential penalties for coming up short of that line.
Honestly, I don't know what to think about what Greg said about "going to sleep thinking about Berkshire." Either it's just rhetoric, or he actually does it.
Curious: if Greg is an operations guy, what would Warren be
Hi Austin ā Iām guessing he would consider Warren more on the investor/allocator side.
It seems a little implausible to me that Berkshire would sell securities to avoid paying taxes on unrealized gains since they would still be paying taxes by realizing gains. I think Buffett would rather use other available cash rather than sell securities he thinks have good long term potential to raise cash to pay taxes. This motivation could exist for many companies lacking cash but seems implausible at Berkshire. Maybe someone will ask Greg about this at the annual meeting.
Agreed. It struck me as pretty unlikely that this is the reason behind Berkshire's stock sales, but I'm admittedly not at all familiar with the 15% corporate minimum tax and its potential penalties for coming up short of that line.
Honestly, I don't know what to think about what Greg said about "going to sleep thinking about Berkshire." Either it's just rhetoric, or he actually does it.