Key Points Stock splits boost accessibility but ignore core business health. Reverse splits signal distress yet allow ...

Buffett has focused on investor behavior and frictional costs in his case against splits. 1 They: increase share turnover, and therefore the so-called “pickpocket” of transaction costs; 4 attract ...

Shares of this long-term market-beating outfit have been struggling ever since CEO Warren Buffett shocked shareholders in May by announcing his upcoming retirement.