Post #969 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I was surprised that Greg sold back his shares in BHE (presumably paying significant taxes) and then purchased shares in the open market. Rather than, say, 80% in a non-tax conversion, 20% in cash.

I figure he received the bulk of his Mid-American/BHE shares in some kind of compensation scheme back when it was a start-up - not "with his own money".

Well, if that's the sequence of events, then he had cash in hand immediately prior to buying the Berkshire shares.
Sounds like "his own money" to me.

Jim

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