Subject: Re: Dear Mr Buffett, and your letter next week.
" I think the discussion about dividends is not in alignment with Mr Vegas's reasoning. I don't think he is looking for steady cash flow. Commencing a dividend would likely boost the stock price. When Apple restarted their dividend the boost was far more than the tax consequences of the dividend. As Munger has said, look at the inverse question. What would happen to Apple stock price if it cut the dividend and held the money for future investment."


Oh my, you did it now. IF you need a place to hide, come to Vegas, I have options for you.

Good luck, hc.