This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.

Wednesday, August 29, 2007

A six-figure stock

Posted by Paul
When you get a free moment, pull up your favorite stock lookup tool and lookup BRKa (sometimes called BRK.a), or if you can't find it by symbol, the stock name is "Berkshire Hathaway".

Once you see the stock price you might think something is broken, but what you're seeing is correct. The current price of a single share of Berkshire Hathaway (as of this writing) is $118,510.00

So what's the story with this stock? Well I could talk for a long time about this stock, but to summarize it:
1) Berkshire-Hathaway is Warren Buffet's company.

2) The stock has never split.

3) It is by far the most expensive stock on the New York Stock Exchange.

For those of us who don't have $118k sitting around doing nothing. There is Brk.b The "B" shares each represent 1/30th of an "A" share.

If you buy a share in this stock you are buying a share in Warren Buffet's holding company. The assets held by Berkshire Hathaway change over time, but currently include companies such as: Geico, Dairy Queen, and See's Candies.

Click here for a more current list of Berkshire Hathaway holdings

I've read about Warren Buffet and he is a really interesting guy (who is known for his frugal and unpretentious tendencies) who among his other accomplishments has made the largest charitable donation in U.S. History.

I bought a "B" share of Berkshire Hathaway some time ago. I figure that Berkshire Hathaway is practically a mutual fund unto itself, and I could certainly do worse than letting one of the richest men in the world manage some of my money.

Any other Berkshire Hathaway fans out there?

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