Subject: Re: Berkshire future returns
Abel is worth about $1 Billion and has 18% of his net worth in Berkshire.

He'll scale into the stock with about 2 1/2% of his net worth added each year and he'll have accumulated a nice holding in Berkshire likely dwarfed by other investments when his tenure concludes.

I say that because he starts his run at 18% of net worth and he will get no stock options (for foreseeable future).

It looks nice, sure. It's cute that the 2.5% of net worth equals "all of his salary". I just don't think it's a big deal. The bigger story is it keeps him from paying large cap gain taxes and he scales in efficiently. Plus if the stock stays in the dumper for a long time he'll get more stock with his $25 million :)