Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
7 Jun 2021 Acquired Berkshire Hathaway Part III
“I think two things are happening: (1) is what you're saying, which is people are buying Berkshire shares, putting them in a trust, and then selling shares in that trust.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 7 Jun 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part III
Transcript context
…This is so brutal. I mean, this is like, for the person that wanted to carefully control investment in the company. Someone says, oh well, if you can't buy an actual share of Berkshire, you can buy a fractional share from me, and I'll own a bunch of Berkshire underneath, and I'll be like you, own it. That’s Warren's absolute worst nightmare. I think both these things are happening. I think, obviously, there's demand from all this new retail investing to own Berkshire shares. But most people can't afford a $34,000 share then or now. I think two things are happening: (1) is what you're saying, which is people are buying Berkshire shares, putting them in a trust, and then selling shares in that trust. (2) The other thing people are doing is they're just like reading every 13F that comes out and 10-Q, and 10K. And buying the same portfolio?…
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