No. of Recommendations: 1
“ The whole thing doesn't make sense, heck, it's worse than distributing a large special dividend and forcing a mostly undesired taxable event”
Agree and No Way would I want nor would I ever expect Berkshire to carve out equity positions and distribute them to some ~3 million shareholders. We all Trust Berkshire mgt. to manage, allocate and continue to do what is sensible, rational.
Berkshire is a conduit for us all to access and own pieces of all of these terrific and diverse wholly-owned & partially-owned companies, to own an enormous and opportunistic cash/T-bill position and to own huge amount of negative-cost float.
I expect Warren & Greg see no sense in creating work, complexity, expense and acting with inconsistency as would be done with an Apple spinoff to owners. Leave well enough alone.
