Subject: Re: Jason Zweig on BRK's Cash
I think a special one-time dividend is a bad idea. The stock will decline by the approximate amount of dividend on ex-div date and many shareholders will be worse off if dividend is taxable to them.

If a dividend is initiated it should be a regular, rising dividend at a low payout ratio.

Completely agree. One-time huge dividend would be very hard on us long-time shareholders. Regular normal sized but rising could be worked around easier.

If I did my sums right, a 2% dividend wouldn't quite mop up the annual Non-Insurance Operating Businesses Earnings (BNSF + Energy + MSR).