Details

Titel

Can owning a share ever be a status symbol?

Ist Teil von

• Investors Chronicle, 2023-05, p.17

Ort / Verlag

London: The Financial Times Limited

Erscheinungsjahr

2023

Link zum Volltext

Quelle

Nexis Uni

Beschreibungen/Notizen

• In April's shareholder meeting LVMH chief executive Bernard Arnault vetoed the possibility of a stock split to make share ownership more accessible. In a 2021 report, analysts at Morgan Stanley Wealth Management noted that when the price of Veblen goods starts increasing, "fewer holders sell and more momentum buyers enter the market, causing an accelerating price curve". Warren Buffett's holding company, Berkshire Hathaway, has never allowed a stock split of its class A shares, despite stratospheric trading prices (cheaper class B shares have been issued since 1996).