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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Sals-Dad ✧  😊 😞
Number: of 12536 
Subject: "Bought with their own money"
Date: 02/26/2023 8:14 AM
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From the letter, page 8:

our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money.

I was surprised that Greg sold back his shares in BHE (presumably paying significant taxes) and then purchased shares in the open market. Rather than, say, 80% in a non-tax conversion, 20% in cash.

I figure he received the bulk of his Mid-American/BHE shares in some kind of compensation scheme back when it was a start-up - not "with his own money".

Thoughts?

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