Berkshire Hathaway Inc (BRK.A)

[fung_derf]

Well, I'd agree, but then with mutual funds, you create a massive tax situations that screws over the new investors.
For instance, American Funds and Fidelity were both huge buyers on Amazon's IPO, and still hold most of the shares. So, how do they sell it?
A) it can tank the stock price since they own so much of the company
B) it will be a massive tax gain that gets passed on at the end of the year to investors.

I'd say, one of the biggest benefits to Berkshire over mutual funds are it's favorable reporting regs.