And that brings us to dividends. Here we have to make a few assumptions and use some math. The numbers will require careful reading, but they are essential to understanding the case for and against dividends. So bear with me.
Warren loves getting dividends from stocks of public companies he owns but hates paying out dividends for a hella long list of reasons.
This is Warren’s partner-in-crime Charlie speaking on dividends:
“I think that some of you will live to see a Berkshire dividend, but I hope I don’t,” Munger, 87, said today at a meeting in Pasadena, California.
To help improve the meaning of these lyrics, visit “Letter To Shareholders 2012” by Warren Buffett and leave a comment on the lyrics box