Post #10659 by Mark on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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that many of those investors likely reinvested their dividends into other investments

More accurately, they reinvested PART of their dividends, usually about 70% or so depending where they live and what their tax situation is at the time. Some people invest the ~70% of the dividend they have after taxes AND also add additional money to make up the ~30% they paid in tax.

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