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To: Keith Feral who wrote (92734)	2/25/2010 10:01:19 PM
From: Sr K	3 Recommendations Respond to of 213182

>> Ask Buffett how much he regrets the 9 point gain in BRK-B shares since the 70 for 1 split this month << The split was 50:1. The pre-split BRKB had the economic value of 1/30 of one share of BRKA. Post-split BRKB has the economic value of 1/1500 of one share of BRKA. BRKB has been boosted by index buying because it (and not BRKA) was added to the S&P 500 after the close 2/12. Index funds had to buy BRKB. The BRKA have 1 vote per share, and the BRKB which had 1/200th of a vote, now have 1/10,000th of a vote.

To: Keith Feral who wrote (92734)	2/26/2010 1:37:35 PM
From: Doren	Respond to of 213182

As I said I would welcome a 4/1 split. My first reaction is that most investors take into account a stock's P/E and growth potential as their first points of reference about the stock... but I know lots of people who don't. They just buy from the recommendations of friends. I wonder if anyone has ever done any research about the percentage of stocks bought compared to the statistical literacy of buyers. It seems probable. Of course I would guess that somewhere around 60 - 70% of stocks are owned by institutions. Does anyone know of a book on this?