No. of Recommendations: 3
<<< I think he likes receiving dividends. But he likes buying companies for a good price.>>>
Yes he does. But only after assuring himself that,
A) the company has a long history of the dividend paying ability. AKA, owner earnings.
B) are realistic about reinvesting excess A; for instance, in pear trees in an apple orchard.
Even inside of the Berkshire brood, a number of subs can’t allocate excess intelligently and simply send it upstairs. This is an acid test for managers in Buffett’s eyes.
In other words, the “Dividend suckers” (borrowed from Jim, previous post) ain’t no Buffett.
