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Jim talking about BRK-A share buybacks:
If you want to see what management might might have paid for B shares, the average price paid per A is hovering around 1540 times the average price paid per B, so you can convert using that number.)
That 3 months of buybacks erases 2% of the votes outstanding!
So BRK board is willing to pay a 3% premium to concentrate voting power in the very long term buy-and-holds? My interpretation of why they would pay a premium to buy A's instead of B's in the buyback.
Do you have thoughts about the reasons?
If they weren't trying to preserve voting rights for someone, couldn't they just go to a single class of stock trading 1500 B's for each A?
R:
