Subject: Re: Dividends
Greg has to try and increase demand for brkb common

He really doesn’t need to do that, because there isn’t a lack of demand.

Berkshire’s stock market value continues to earn a return proportional to the return from a change in its intrinsic value. That’s the company’s stated mission, and it’s a good one.

That you need market returns that are higher than Berkshire’s change in intrinsic value during your ownership period is not Greg’s problem.

I don’t support any kind of financial manipulation to get higher returns for current shareholders at the expense of proportional returns for future ones. I’ll be recommending Berkshire to my children, so hopefully from 1 current shareholder it turns into 5.