2min chapter

Acquired cover image

Berkshire Hathaway Part III

Acquired

CHAPTER

Stock Offering

At the annual meeting, every single year, some one asked if he was going to split the stock so that more people can invest. And he would always respond t something like, no, i love our current investor base. Why would i do anything that would change the great set of people that we already have as shareholders? Wonderful company. So he comes up with a brilliant idea: He decides that he is going to do a stock offering. For a new class of shares, what he's going to call the baby b class of shares, versus the newly rechristened berkshire a shares. These are going to be tracking shares that are going to track one thirtieth one divided

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