SHE 0.00% 1.1¢ stonehorse energy limited

I did wonder about that point, the company he holds paying...

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    I did wonder about that point, the company he holds paying dividends, and i guess the company might be valued at some multiple of its current liquid assets, i.e. the share value of the companies Berkshire holds.

    I take your point. Remove Berkshire Hatherway from the list. Theirs still plenty that have grown without ever having issued as dividend.
 
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