<<No, it seems arguably reasonable. I have always wondered why WB is so resistant to a split>>

That question has been asked more than once in the Annual Meetings. Here’s what it is,
1) It costs frictional money to do a split; you know, SEC etc. Don’t shoot the messenger 😳
2)It was split in 2009 during the BNSF deal. Just enough to afford every single BNSF shareholder to participate in the deal should they choose to. Such a deal could happen but then, I’m looking at the cash pile. And Omaha has tattoos surrounding issuing stock.

Although not explicitly stated, Buffett also would like to educate his shareholders that a stock split does nothing to change the value of the company. There’s a very large urban myth about this, cheerfully promoted by the croupier community.

As always, Munger had the last word on this, “Don’t hold your breath waiting for a split”. Hmmm I don’t.

Berkshire Hathaway FAQ

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