No. of Recommendations: 6
I think a special dividend fits better with Berkshire's general philosophy than a regular dividend.
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But there is no reason the dividend should be regular, any more than purchases of other businesses or reinvestment in existing businesses or share repurchases is regular - it should be done given the current circumstances, not blindly on a fixed schedule.
I agree with this statement, but I would add that a special dividend ALSO doesn't fit with the Berkshire general philosophy. That's because a special dividend is literally saying "you (the collective shareholders) know how to allocate capital better than we do", and that is clearly NOT the Berkshire general philosophy.
