Warren Buffet decided to stop paying dividends from Berkshire Hathaway a long time ago because he could achieve a higher rate of return by reinvesting earnings
the stock has gone from $10 to $115,106
dividends should only be paid out when the reinvestment of earnings achieves a low rate of return
this is the answer to your friends question
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Warren Buffet decided to stop paying dividends from Berkshire...
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