If you always wanted to invest alongside Warren Buffett, but found it too expensive, you now have your chance.
Reversing his long-time opposition to the practice of stock splitting (which has resulted in Berkshire having the highest per-share price of any NYSE stock) Warren Buffett has agreed to a 50-for-1 split ofBerkshire Class B stock, which will make it much more accessible to retail investors.
Just how does that work? For example, Berkshire Class B shares closed Monday at $3,265. After a 50-for-1 split, they would cost just $65.30.
"I know I’m more comfortable spending about $60 than $3,300," says Cliff Gallant of Keefe Bruyette & Woods on Fast Money.
That means, for just north of 60 bucks a share you could own a stake in Geico insurance, See’s candy, Benjamin Moore paint, Fruit of the Loom underwear and all the other Berkshire holdings.