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.

from Warren Buffett – Letter To Shareholders 2012 on Rap Genius

Meaning

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.

From Bloomberg

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