I’ve always wanted to own a piece of Warren Buffett’s magic, but at $111,111/share, Berkshire Hathaway (BRK.A) has been way too spendy for me. I’ve had to be content to watch from the sidelines. Smart investors bought 10 shares when it was outrageously priced at $10,000/share (circa 1992).
B-shares (BRK.B) were created for the common man, but even they were quite expensive at more than $3,000/share. On January 21, 2010, BRK.B split 50:1, bringing the share price down to a very reasonable $60-70. Now, Buffett can be bought by the unwashed masses.
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