When was the last time a shareholder proposal was made, and a vote taken which might "look through" by subtracting Buffett and Munger shares as part of that vote?
Wouldn't the share price potentially increase with "dividend buying" shareholders increasing the value of the underlying shares which then could be used as another method for financing at the same time making Berkshire's ability to "compete" for acquisitions on a more level playing field?
It's no secret that the value of Berkshire shares have historically benefitted from "fake inflation" buoyed by the "printing press" including rising tides of fiat money that is the underbelly of the U.S. and World Economies, so "share prices" connected to dividend paying companies due to supply/demand factors in purchasing stocks that pay them, would give Berkshire a more competitive foothold in the marketplace while seeking to purchase assets even in more frothy markets which they refuse to do.
They can keep waiting, and they may get one more Lollapalooza buying event in their lifetime, but they might miss it as well--two very old men where mortality rates are not in their favor--even knowing Buffett predicted this imminent Dow 30K, probably to overshoot higher, and which is occurring in almost real time.
Paying a 2 percent dividend would only add to the value of the stock price in perpetuity, and one can be sure it's fait accompli after the two wise men pass away.
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