That action increased your ownership in all of Berkshire’s businesses by 5.2% without requiring you to so much as touch your wallet. In no way do we think that Berkshire shares should be repurchased at simply any price. Index funds, it should be emphasized, own Berkshire shares simply because they are required to do so. These owners, understandably, think of their Berkshire shares as a possible source of funds when they see another investment that excites them. When our partnership distributed its Berkshire shares in 1969, all of the doctors kept the stock they received.

Source: Mint February 27, 2021 14:37 UTC