Subject: Re: Make Berkshire Compound Again!
Handing out shares like sweets is not very good management. The current market value of the A shares that Berkshire issued to buy Dexter Shoes is $17.83 billion. That should be a clear lesson for every CEO, but somehow it isn't.

Berkshire also bought HH Brown Shoes for $161M in cash. Had they instead bought back 20,125 A shares with that money, those would have been worth $14B today!

Seems like the clear lesson is to buy things that will go up and continue to go up, not so much about how you pay for it. And that includes your own stock when appropriate.