Is the Berkshire Hathaway stock just a big scam?

The stock doesn’t pay a dividend, and never has. However their holdings include dividend paying stocks. These dividends are not being passed onto the BRK stockholders.

The whole premise of BRK is that instead of paying dividends, they reinvest their profits into their holdings. The issue with this is that doing so doesn’t directly increase the individual BRK stock price. The stock only increases because investors keep buying the stock because they’re told it’s a good stable company. This is all just investor speculation.

Am I missing something? Or is Berkshire Hathaway really just a big long-term pump and dump, speculative asset?


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