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mindmetoo
Joined: 02 Feb 2004
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 Posted: Fri Jun 02, 2006 4:23 pm Post subject: What an extra $15 billion buys you |
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This is the web site of the second richest guy in the world:
http://www.berkshirehathaway.com/
This is the web site of the richest guy in the world:
http://www.microsoft.com
I'm telling you, having an extra $15 billion really buys you some better web designers. And you don't have to run a banner ad for car insurance. |
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ejmlab
Joined: 17 Feb 2005
Location: Pohang
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| Posted: Fri Jun 02, 2006 4:44 pm Post subject: |
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While we're comparing here's another tidbit:
1 share of Microsoft(MSFT) = $22.76
1 share of Class A Berkshire Hathaway Inc. (BRK-A) = $91,750.00
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hanguker
Joined: 16 Mar 2005
Location: Korea
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| Posted: Fri Jun 02, 2006 5:06 pm Post subject: |
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LOL. For reference you should check the average volume of shares:
MSFT = 105 040 000
BRK-A = 200.00 |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sat Jun 03, 2006 1:24 am Post subject: |
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| ejmlab wrote: |
While we're comparing here's another tidbit:
1 share of Microsoft(MSFT) = $22.76
1 share of Class A Berkshire Hathaway Inc. (BRK-A) = $91,750.00
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Lots of companies, notably Japanese companies, don't split their stocks to lower their share price. This keeps small time investors from buying their stocks (keeps them from being widely held and I guess more volatile) and generally only attracts institutional investors. Or possibly Warren B. doesn't want a bunch of kooks turning out to his annual shareholder meetings. |
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ejmlab
Joined: 17 Feb 2005
Location: Pohang
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| Posted: Sat Jun 03, 2006 2:08 am Post subject: |
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I thought we were just having a laugh at the huge differences between Buffet and Gates. Like the houses they live in or their annual salaries. Pretty much everything about them is at opposite ends of the spectrum.
Cheers |
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Cigar_Guy
Joined: 05 Dec 2005
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| Posted: Sun Jun 04, 2006 6:31 am Post subject: |
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| mindmetoo wrote: |
| This keeps small time investors from buying their stocks (keeps them from being widely held and I guess more volatile) and generally only attracts institutional investors. Or possibly Warren B. doesn't want a bunch of kooks turning out to his annual shareholder meetings. |
Nah, you're right on the first count. Buffet has been talking for years about how companies shouldn't split their stocks, because it leads to people speculating about your stock and causing all sorts of problems (mostly inflating the P/E ratio).
You're not too far off on the second count, though I think his definition of "kooks" is a little tighter than yours. Keeping away smaller and more middle-weight investors usually means that you'll be dealing with people who are interested in long-run results, instead of freaking out every time your industry has a hiccup and they think you need to change everything.
Another nice thing about it is it makes it relatively easier to take the company private to avoid Sarbonnes-Oxley, which a lot of companies are forced into doing now.
Did you want to talk about investing, or were you just making chit-chat? [/Groundhogday] |
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huffdaddy
Joined: 25 Nov 2005
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| Posted: Sun Jun 04, 2006 7:10 am Post subject: |
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| Cigar_Guy wrote: |
You're not too far off on the second count, though I think his definition of "kooks" is a little tighter than yours. Keeping away smaller and more middle-weight investors usually means that you'll be dealing with people who are interested in long-run results, instead of freaking out every time your industry has a hiccup and they think you need to change everything.
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The B shares aren't too expensive - around $3000. I used to own a share several years ago. Should have probably hung on to it. Then again, I should have hung on to my Goodyear stock. Or bought some CME shares. *sigh* |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sun Jun 04, 2006 3:36 pm Post subject: |
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| Cigar_Guy wrote: |
Another nice thing about it is it makes it relatively easier to take the company private to avoid Sarbonnes-Oxley, which a lot of companies are forced into doing now.
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I'm probably the only person who has warm feels when I hear "Sarbanes-Oxley". A long story. Short story: meant a few thousand in my pocket and a chance to spend an extra month kicking around in Seattle. |
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