Speaking of Buffett
Friday, November 24, 2006
Speaking of the Oracle of Omaha: Berkshire-Hathaway is an incredibly well run company. They’re perpetually profitable. The stock appreciates constantly. BUT THEY DON’T PAY A DIVIDEND! They’re awash in enormous amounts of cash and the only thing it’s spent on is investments. No buybacks, no dividends. The capital appreciation since Buffett started in the mid-60s has been astonishing but c’mon Warren, spread the wealth. Err, spread it a little thicker.
