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Warren Buffett Sells Shareholder Meeting Tix On eBay To Flood The Market
from the one-way-to-stop-problems dept
Warren Buffett's Berkshire Hathaway annual shareholder meetings are quite popular, as you might imagine. They're so popular, in fact, that some shareholders have been trying to sell their tickets to the meeting on eBay for over a hundred dollars. Buffett, and the folks at Berkshire Hathaway, don't like the idea of people selling their tickets to the event - but instead of going after them legally, Buffett simply flooded the market. He started putting many more tickets to the meeting up for sale on eBay at the low, low price of $5 - to make it unprofitable for any existing shareholders to sell their own tickets.
Reader Comments
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Wonderful!
I wish we could see more people take such an intelligent approach instead of reaching in their top desk drawer for the well used rubber-stamp tha reads:
"SUE THEIR PANTS OFF!"
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