Buffett wants shareholders who are "in sync" with Berkshire · Transcript · BuffettMungerGPT

WarrenPeople say you want individual owners, you want institutional owners. What we want are informed owners who are in sync with our objectives, our measurements, our time horizons, all of that sort of thing. I mean, we want people that are going to be comfortable owning Berkshire. And we don't want people who are owning it for reasons different in a way different, that are different from our reasons for owning. We don't want people that are concerned about quarterly earnings. We don't want people who are concerned about stock splits. We don't want people that need to be pumped up about the stock periodically. It's just not of interest to us because it just means we have to keep living that way in the future. It's not the way we want to live now. It's not the way we want to live in the future. What we really want are a bunch of people like we have in this audience who sit down and read and think and understand that they're making an investment. It's not just a little ticker symbol. They're buying part of a business. They know what the business is all about. They know how we think. They know how we measure ourselves. They're comfortable with that. And they can come in into the business. or institutional form, and when we get them, we like to keep them.