Originally Posted by
notEnuf
I was surprised he bought as much as he did, he said 10% of any one company is his rule. This gets him back to that. I see other companies that are more attractive takeover targets right now but with the economy as it is it’s more risky now than ever.
You are correct about his 10% rule. There are additional burdens for shareholders who have more than 10% of publicly traded companies. Berkshire was under the 10% threshold until Sleepy Burnback our CEO started "giving back" to the shareholders. The ensuing reduction of outstanding shares put BRK above the 10% threshold. Once above the 10% threshold, the reporting burden was triggered and BRK began acquiring more shares.
Bloomberg is behind a paywall, the Barrons article is not.
https://www.bloomberg.com/news/artic...ke-by-accident
https://www.barrons.com/articles/war...ck-51552219150