Post #10336 by newfydog on the Berkshire Hathaway board

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

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Why should Buffett care?

From the article:

"In a 1996 letter to shareholders, Buffett warned that such trusts were “expense laden” vehicles that brokers would market “en masse to unsophisticated buyers” in order to earn big commissions. That would have burdened Berkshire “with both hundreds of thousands of unhappy, indirect owners (trustholders, that is) and a stained reputation.”"

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