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12/18/23 8:30 PM

#1098 RE: Prudent Capitalist #1097

Another thing, Buffett was concerned about the amount of cash required in a split to buy out fractional shareholders. Also the resulting fractional shares may produce taxable events for some. I wrote about that a few years ago.
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12/19/23 5:51 AM

#1099 RE: Prudent Capitalist #1097

"Had to do the split to maintain affordability."

Also Buffett was somewhat irked by the investment companies who were offering (alleged) shadow funds tracking BRK shares with much lower entry points, so the split was a way of countering that too.