Berkshire Hathaway doesn't pay a dividend yet the business has steadily grown more valuable
Because dividends are stupid and Berkshire is smart. Share buybacks are the optimal way to do "dividends".
The only reason to do a dividend is because people like the feels of getting a cash payout.
alt Hacker News
Because dividends are stupid and Berkshire is smart. Share buybacks are the optimal way to do "dividends".
The only reason to do a dividend is because people like the feels of getting a cash payout.