One share of BRK.B apparently gets you an 8% discount on geico insurance

by SniffyClock


3. Berkshire Hathaway (BRK-ABRK-B)

Warren Buffett is a legend among investors for his wisdom in buying and holding stocks for the long run. However, there are also hidden benefits to owning the Oracle of Omaha’s stock, Berkshire Hathaway. Berkshire Hathaway stockholders qualify for a variety of discounts on BRK-B portfolio companies, including an 8 percent discount on GEICO insurance.

Berkshire Hathaway has two different classes of stock, one that trades for $200,000 per share (the A class), and a second that trades for $130 a share (the class B shares). Fortunately, the class B shares are much cheaper and one share is all you need to take advantage of the perks. Shareholders are also invited to attend the company’s annual meeting, which is something of a celebration and draws thousands to Omaha every year. Additional discounts at Berkshire Hathaway companies are available at that meeting.

Anyone know if this is still the case since this is an old article?

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Will be trying this when the market opens again.



Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


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