Small investors get chance
China Daily | Updated: 2009-11-05 08:45
NEW YORK: If you always wanted to invest alongside Warren Buffett, but found it too expensive, you now have your chance.
Buffett's decision to conduct a 50-for-1 split of Class B shares of his Berkshire Hathaway Inc lowers the price of entry for ordinary investors who long found it prohibitively costly to buy the stock.
The split is one piece of Berkshire's $26 billion takeover of Burlington Northern Santa Fe Corp, and is intended to make it easier for shareholders of the railroad who want to swap their shares for Berkshire stock to do so.
Photo
