“From the moment I bought [Berkshire Hathaway], I knew I wasn’t going to run it into eternity or anything. Everything I wanted to have happen has worked out.”
It does feel that leaving such a huge amount of cash accumulated for Greg Abel is a potential poisoned chalice - it really would have been better for Buffett to return a portion of it as a dividend, making it easier for Abel to do the same in the future - there's only so long that someone not called Warren Buffetr will be able to resist shareholder pressure to do something with the cash in the long-term, post-Buffett.
That was really good, Kevin. Thanks.
Thanks John! I really appreciate it!
It does feel that leaving such a huge amount of cash accumulated for Greg Abel is a potential poisoned chalice - it really would have been better for Buffett to return a portion of it as a dividend, making it easier for Abel to do the same in the future - there's only so long that someone not called Warren Buffetr will be able to resist shareholder pressure to do something with the cash in the long-term, post-Buffett.
Personally, I'd rather see a split. This 6-figure stock price is too much and soon it will be a 7-figure price! A 10 for 1 split would satisfy me.