Subject: Re: $STEW at 23% discount
I believe there’ll be modest annual sales at mostly non unfavorable prices.

At a dollar sales volume that essentially replicates what would be Berkshire’s modest dividend payout—if BRK chose to do so rather than retain all capital.

So..doing what I do and thousands of others do and Buffett advises to do: we choose our own dividend. Sometimes timing looks genius, other times dumb..over time: meaningless.

That’s the glide path for next several years.