Subject: Re: Greg's letter
"Our approach to cash dividends continues to be that Berkshire will not pay dividends so long as more than one dollar of market value for shareholders is reasonably likely to be created by each dollar of retained earnings."

No surprise there.


Well, somebody is going to have egg on his face.
Not only no dividend by the end of the quarter but also no dividend by the end of the year.

I wish he would shut up about it, but he probably won't. Spammers gotta spam.