Many commenters miss that the Buffett premium has been replaced by the Berkshire premium. How many other companies view shareholders as partners. They want liquidity, which means a continual turnover of shareholders. Warren carefully attracted owners who will take the time to understand the business. We’ve made a lot of money by doing that!
What an excellent initiative by Abel! If that's not having skin in the game, then I don't know what is.
Greg will also not have to be burdened with an increasing amount of non-Berkshire assets: he will combine managing his money with ours.
Many commenters miss that the Buffett premium has been replaced by the Berkshire premium. How many other companies view shareholders as partners. They want liquidity, which means a continual turnover of shareholders. Warren carefully attracted owners who will take the time to understand the business. We’ve made a lot of money by doing that!