As someone that subscribes to the philosophy of value investing and wants a tax-efficient, set-it-and-forget-it long term savings vehicle, would it be reasonable to use Berkshire Hathaway B for that purpose?
Buffett is 91 and has underperformed the S&P 500 for the last decade. How confident are you in his future performance and that of his successors?<p>Berkshire is not a registered investment company like an ETF or mutual fund, so it pays taxes at the corporate level, including on the sale of appreciated shares of stock. A value ETF will periodically refresh its holdings and shareholders avoid paying taxes due to in-kind redemptions. There has been attempts to remove this break: <a href="https://www.cnbc.com/2021/09/29/senate-bill-that-would-end-etf-tax-breaks-is-bad-policy-ceo-says.html" rel="nofollow">https://www.cnbc.com/2021/09/29/senate-bill-that-would-end-e...</a> .<p>I would put more money in ETFs such as VTI and VXUS than in BRK, but I think BRK is a reasonable place to put some money.