### Comment:
Their whole theory, which is why people buy their stock, is that dividends are a form of double taxation. They rather add cash to their balance sheet for future acquisitions of stock or companies. Then an investor can sell stock when they want and be taxed only once. People who own BRK do not ever expect or want a dividend from them.

### REPLY:
I’m aware of that rationale - it just seems self-serving. They never tell the public companies they own large chunks of to stop paying *their* dividends.

### END.