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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Mark   😊 😞
Number: of 15062 
Subject: Re: New Coke?
Date: 08/15/2024 4:20 PM
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Coincidence? Or do you think Mr. Buffett is intentionally being symbolic here?

Could be either, but also could be a signal that Berkshire has stopped selling and now has the position it wants to continue to hold for now. I guess they like round numbers. I also realized that they seem to never reinvest their dividends in anything I think. That could be more for accounting purposes, to avoid muddling up the basis (that's why I don't reinvest dividends in taxable accounts), and to avoid unintentionally going over some percentage ownership in various companies.

We discussed an article or video a few weeks ago that asserted that Berkshire didn't sell Apple out of a lack of confidence in the company, but rather because it simply became too large a percentage of Berkshire's overall worth. I can see that.
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