should read " Not paying a dividend the past three years has increased total after tax RETURNS for brkb shareholders? ""

net,net, our net worths are higher today because brkb never authorized a small dividend?

btw, why do you suppose these boards have lost so many super sharp posters the past 25 years?

HINT< can you name three old time posters currently active here who have conceded that Buffett waited way too long to authorize buybacks at material discounts to Iv, name them.

Continuing to argue that Cook, Gates, Huang, the googl gang etc are all poor cap allocators and none of them understand that a div in a taxable account creates a taxable event is embarrassing.

Greg has to try and increase demand for brkb common, going forward, not based on what Buffett did in 1979, good luck to him, it won't be easy.

Carry on loyal members of the church of brkville , ucmtsu.