Can someone explain this...?

I just received a report on a stock that's supposed to model the Berkshire-Hathaway method, whatever that is.

It is MKL and it closed today at about $447.

One of it's competitors is AIG and they closed around $52 today.

What is the thought/idea/strategy/whatever behind these stocks that never split and their price keeps going up? The B-H stock was over $4K when I looked a few weeks ago.

Berkshire B was obviously $4k. That's what the poor people buy. Rich people buy Berkshire A.

I read somewhere that Warren Buffet won't split BH because he thinks a lower nominal cost makes the stock price more volatile.

I don't know if that author was for real or made it up though...

Buffet is what's known as a "value investor" he's styled him self after Benjamin Graham. I've had Graham's book sitting on my nightstand for like a year now. I really need to start reading it.

Here's a good article explaining what Buffet's style is:

www.investopedia.com/articles/05/012705.asp

well the theory behind not splitting is that it keeps regular investors away, hence avoids the volatitlity in the stock price

and is less liquid and less shares floating around