Business/Finance

Small investors can buy into Buffett

Thursday, January 21, 2010
Warren Buffett

(AP) (AP Photo)

Investors who found stock in billionaire Warren Buffet's investment empire too costly can now buy in for $69 and change.

A stock split that takes effect Thursday drops the Class B shares in Berkshire Hathaway Inc. from about $3,500 each.

Some see the lower price as a big draw for new investors in the company run by the "oracle of Omaha." Stockbroker Andy Kilpatrick says a piece of Berkshire is available even to someone who cuts grass for spending money. Owning Berkshire stock also means entry to the company's annual meeting is the mecca of shareholder events.

But the company's prized Class A shares, which carry more voting rights, are not being split. They are still the nation's most expensive stock at around $100,000 each.

(Copyright ©2014 by The Associated Press. All Rights Reserved.)

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