Right up until the time the buyback was announced the experts were still mightily opposed to it. For quite a while even Rational Walk bought that "it would be taking advantage of shareholders" nonsense. He's a smart guy and to his credit he finally did change his mind. The same was true about splitting the stock. The experts repeatedly told us that it would never happen....who can forget Toddfinances classic pizza comparison?

I think the dividend is inevitable...only thing we don't know is when. At that time BRK will almost certainly still have $300+ billion in cash. Being that BRK is by far my largest position what I'm doing is looking ahead and thinking about how a dividend will change my income, tax situation, etc. so that I'm reasonably prepared for it. If it does not happen then so be it...my only loss is the time spent running thru the "what if" scenarios. If no dividend and we have another bad market downturn (think economic collapse in 2007 and the pandemic) I will feel really bad for the individuals that bought into the "create your own dividend" strategy. Someone just hitting retirement age and having to create their own dividend for an extended period of time is not going to do so well.