Kalles farsa har i en kommentar i dag visat intresse för min uppgift om att Warren Buffet ej ger utdelning i sitt bolag.
Det är ju märkligt men likaväl sant. Jag skall citera bok om detta nedan.
Men Marco Dolenec skriver i en kommentar vilka vinster som aktieägarna gjort trots utebliven utdelning.
Han skriver att den som ägde eller köpte aktier i Bershire Hathaway för cirka tusen dollar i dag äger aktier för flera miljoner kronor. Utdelningen har varit enorm, alltså inte i utdelning (dividend) utan i värdestegring.
Nu citerar jag i Robert G Hagstroms bok “The Essential Buffett”, sid 87:
“Over the years, Berkshire Hathaway has earned very high returns from its capital and has retained all of its earnings. With such high returns, shareholders would have been ill served if they were paid a dividend.
And that is just fine with the shareholders. In 1985, Buffet asked shareholders whick of three dividend options they prefered:
1) continue to reinvest all earnings and pay no cash dividend
2) pay out modest dividends (5 to 15 precent of operating earnings).
3) pay out dividends at a rae typical of American industry (40 to 50 percent of earnings)
A very large majority of those who responded (88 percent) preferred to continue the existing policy. The ultimate test of owners´faith in Buffet is high.
Slut citat ur Robert Hagstroms bok om Warren Buffet.