Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2019-Morning Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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You Don't Own Over 10% of Security Common Stock, You Owe the Money Over to the Company

If you own over 10% of security common stock and you sell it within six months at a profit, you give the money over to the company. You match your any sale against your lowest purchase. There used to be lawyers that would scan that monthly SEC report that I used to get 30 or 40 years ago. They would scan it to find people that inadvertently had broken that rule and they would get paid a fee for recovering it for the company. Nevertheless, and those are both significant minuses and they're both things that people don't think about.

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