BRK/A:New York Stock Quote - Berkshire Hathaway Inc - Bloomberg Markets

I mean, outside my Berkshire shares I only put money into a k , so, like, I guess I'm not really an investor at all. Warren Buffett, however, never really wanted a little guy like me to be able to get a slice of his company: A small investor in Pennsylvania forced his hand.

Writing in The Wall Street Journal on Thursday , Anupreeta Das caught up with Samuel Katz, who back in the s wanted to create a "unit investment trust" to track Berkshire shares at a price that would make the stock more accessible to smaller investors.

But Buffett was very much not enthused about the idea of someone trying to imitate Berkshire's performance and do so in a way that would be profitable not necessarily for the investors but for the marketers of this alternative investment.

Warren Buffett on Berkshire Hathaway Class B shares - Business Insider

Writing in his letter to Berkshire Hathaway shareholders , Buffett said the May Class B offering was made "in response to the threatened creation of unit trusts that would have marketed themselves as Berkshire look-alikes.

Buffett is also clearly not a fan even to this day, telling Das, "I'm glad Sam made money out of Berkshire through ownership rather than through obtaining high fees from unsophisticated investors. I spent a lot of time and energy making sure this guy wasn't a leech, which is a real bummer.

In the letter, Buffett said the sale of B shares "provided a low-cost way for people to invest in Berkshire if they still wished to after hearing the warnings we issued. These warnings include the prospectus for Class B shares in which Buffett told people NOT to buy the offering: The stock was, in his view, overvalued.

And so not only was floating a "low cost" version of Berkshire stock not Buffett's preferred plan, but those who bought the initial offering were doing the very thing he made his fortune not doing: The main theme, however, of Buffett's clear lack of enthusiasm for the Class B stock is his continued insistence that Wall Street is not a place where people make money for investors but collect fees for themselves.

I think it would have been quite easy for such trusts to have sold many billions of dollars worth of units, and I also believe that early marketing successes by these trusts would have led to the formation of others. In the securities business, whatever can be sold will be sold. The trusts would have meanwhile indiscriminately poured the proceeds of their offerings into a supply of Berkshire shares that is fixed and limited.

For at least a time, the price jump would have been self-validating, in that it would have pulled new waves of naive and impressionable investors into the trusts and set off still more buying of Berkshire shares. The implication that the investment business is merely a place for the few to make money off intermediating the many, however, has rankled some on Wall Street who argue that in a world of full hypocrites and marketers, Buffett himself is the biggest of them all.

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BRK.A stock quote - Berkshire Hathaway Inc. Common Stock price - gedyfej.web.fc2.com

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You have successfully emailed the post. Warren Buffett isn't super excited that I'm a Berkshire Hathaway shareholder.

And because I'm not a good investor, I am losing money on this position. In the letter, Buffett added emphasis mine: Warren Buffett Berkshire Hathway.

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