tjh290633 wrote:The problem with the original Berkshire Hathaway was that you could not sell shares for income, just because of the weight. The B shares helped in that respect.
Years ago, the idea of buying a share valued at much over £1 was anathema. In fact Marks and Spencer regularly had scrip issues to keep the price down. Now buying shares valued at over £50 is commonplace.
Yes, I take your point if you wish to sell BRK shares for income, although generally speaking it has been better to just let them grow and take your income elsewhere.
It's interesting that in the UK a low nominal share price is deemed desirable, whereas in the US a high nominal share price confers a sense of status and success. In reality of course it doesn't matter at all, except if you use options.
Even BRK's B shares used to be unaffordable until they did a stock split a few years ago which, from memory, finally enabled BRK to join the S&P 500 from which it has formerly been barred on liquidity grounds,
tjh290633 wrote:I prefer to make my own decisions on when, where and how I reinvest my accumulated cash. I'm less happy when a Board of Directors does it for me, because their agenda differs from mine.
I can understand that although for me there are occasions where I'd rather the company invest my cash, most obviously those enterprises that are racking up double-digit earnings growth year after year. Isn't that just another factor that drives whether you invest in that share in the first place, i.e. whether you like their strategy?
The holy grail of a high yielding share with double digit earnings growth is fairly rare.