Subject: Re: Owners Manuel
Thanks that's what I got. Don't forget many old timers who have held brk for decades will be selling since Buffett is giving up control. Others may sell into trumps tax rates before a Dem wins in 2028 etc.

VERY few will sell. They are mostly old folks who held on for decades and they have massive capital gains in the stock. When you're that old, you don't sell and pay capital gains taxes, instead, you die (eventually) and everything has the basis reset to FMV.