Berkshire returns cash to shareholders through buybacks now. It is more tax efficient. And no they do not speculate - they invest.
He sells stuff all the time just not impatiently and not if it is worth more than his instrinsic measure of it. That is why he is who he is!
Many people do not know this but he still holds the stock that he first bought as a 13y old. It is now worth 8+ figures!
Berkshire returns cash to shareholders through buybacks now. It is more tax efficient. And no they do not speculate - they invest.
He sells stuff all the time just not impatiently and not if it is worth more than his instrinsic measure of it. That is why he is who he is!
Many people do not know this but he still holds the stock that he first bought as a 13y old. It is now worth 8+ figures!