Subject: Re: From the FT
"Dividends are for know nothing investors!"

That's a rather sweeping statement. Should probably read "in the case of Berkshire shareholders, dividends are likely not the best deployment of capital".

Not all dividends are the same and Warren himself usually cites the dividends we collect in the annual letter. That's because they are a very real part of Berkshire's earnings and are justified from the companies paying them. Again, it's about how and why that capital is being deployed in the form of dividends.