J.K. Lasser Pick Stocks Like Warren Buffett
Chapter One
It's Easy to Invest
like Warren Buffett
Buying shares of Berkshire Hathaway is the easiest way to invest
like Warren Buffett. While the A shares cost around $70,000 apiece
as of this writing, the B shares sell for only around $2,300 each-roughly
1/30 of the A shares. The B shares do have their disadvantages.
For example, holders have less in the way of voting rights and
aren't entitled to indicate where Berkshire charitable contributions
go. (Berkshire is unusual in allowing shareholders to recommend
how Berkshire's charity money should be allocated.) And while you
can convert A shares into B, it doesn't work the other way around.
Which to buy? Berkshire is nothing if not shareholder friendly,
and Buffett has given this advice: Buy the A shares, if you can afford
them, unless the B shares are trading cheaply. "In my opinion,
most of the time the demand for B will be such that it will trade at
about 1/30 of the price of the A. However, from time to time, a different
supply-demand situation will prevail and the B will sell at some
discount. ... read full excerpt from J. K. Lasser's Pick Stocks Like Warren Buffett ebook
