Fri 13 Apr 2007
No one lives forever as I was reminded by Kurt Vonnegut’s death. Given the wide accounts of Warren Buffet’s love for Red Meat, and Coke, it’s unlikely I would sell him life insurance policy at this stage in his life. I also think it unlikely he would need it. I hope he has many years left, but if he doesn’t, I want to attend at least one annual Berkshire Hathaway Annual meeting over which he’ll preside. So today, I’ve decided to put in a order for 2 shares of Berkshire Hathaway B. Many years ago it was my goal to buy 1 share of the daddy Berkshire shares, but I realize now I think it’s going to be long time before I can do that without making that holding the bulk of my portfolio. Berkshire A trades at 109,750 as Apr 13th, just ever so slightly out my price range. Berkshire B shares trade at 3,656 which still makes GOOG look cheap. The problem with the baby Berk shares is that each share only has 1/200th of the voting right of the A shares even though in terms of value they are 1/30th. But, I’ll still be able to attend the meeting and vote my 1/200th of a vote.
True, I’ll feel like a cheap wannabe as I attend the annual meeting, but I can always lie about how many shares I own. In the end the Cult of Buffet (like any cult of personality) turns me off somewhat (even though it could be easily argued I fall under that trance) so I’m not sure if I care all that much that people see me for what I am, a wannabe. I might be better off buying 1 share. Buying 2 shares is like ordering the second cheapest wine on the wine list. Wish me luck on executing my limit order (I put it in for 3654). I’m not sure why I’m worrying about a couple dollars, but I guess I’m just somewhat uncomfortable putting a market order for something so expensive when I’m trading odd lot shares.
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