No. of Recommendations: 2
" And in particular, if you DO buy a square, don't keep asking for rounding the corners.
Dividends are like hats. The company can let its stock go up in price. You can sell some, and buy a hat you like, cheap or expensive or none at all. Or the company can pick a single hat that they think will suit every shareholder, and mail the same hat to everybody whether they want it or not, without any consideration of the fit or cost.
Dividends are either too big or too small an amount for almost everybody.
Jim"
Good morning old bud, with all due respect you can sure be stubborn. 20 years ago I politely asked a Ken Fisher salesmen to leave my home after he told me I was way overweight brka and it wasn't prudent. I may have been 40-50 % brka back then, zero bonds. You don't recall me predicting Buffett would be FORCED to make, shareholder friendly moves, to get the common above 1.2 xs BV? The day he finally announced the authorized buyback for the first time in my brkville history many fellow posters congratulated me on my call. My old pal Hbird was around back then I'm sure she can remind you along with a dozen old timers. Loading up on brka common PRIOR to the buyback knowing that move would goose the stock 10 percent proves I was, " rounding the corners"? Do you think it was a mistake to authorize the buyback? He used the 1.1 xs BV limit because he still had no interest in buying back the stock, he just wanted to sell his shares via the foundations above 1.1 xs BV, still way too cheap. For some unexplained reason he was willing to sell his life's work way too cheap, I'll never understand why?
With respect to a very small dividend. I'm shocked a foreigner who has been in the business for many decades doesn't know that many investors, funds, institutions, etc around the globe WILL NOT or CAN NOT buy non div paying stocks. Are you saying this is untrue? IF I'm wrong about a very small div increasing demand for the common, please explain WHY nvda, gool, meta, apple etc pay a very small div? Is this some type of concession that their best growth days are over? IF that is the case, how do you explain their current PEs? WHO has this wrong, the market or you?
BTW, isn't it nice that on this board we can have a civil debate without you having to warn me that the message board goons and bullies are going to have me excommunicated from the church of brkville IF I continue to question whether Buffett has pitched a perfect game? Also, I'm on the computer with my glasses on, I think I need larger print, lol, getting old beats the alternative pal, sorry for any typos.
