Post #16160 by elann on the Berkshire Hathaway board

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

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For those that are curious, Berkshire's 20m share sale of AAPL in Q2 was at an average price of $201.80 / share.

For those who are even more curious, the cost basis was around $34.25 per share, so profit of $167.54 per share, tax of $35.18 per share, net proceeds from that sale $166.62 per share. So one might infer that Mr Buffett would rather have $166.62 of cash than a share of Apple today. More specifically, he'd rather the firm had an incremental $3.332 bn in after-tax cash than those 20 million Apple shares.

That makes me feel good about selling all my AAPL shares (in a retirement account) this month for 204. It's in cash now.

Elan

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