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No equity as far as I can recall. It's just cash. Buffett is notoriously tight with Berkshire equity.
Fake it until you make it. Copy Berkshire until you understand why they do what they do the way they do it.
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I think most of what they do is pretty simple to understand. Their unconventionality is often a function of the fact that they think from first principles instead of copying others mindlessly.
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They do a lot of interesting stuff. I'd be hard pressed to explain all the ins and outs of the following: 1. No dividends 2. Public not a private company 3. Cash compensation based on Kpis only 4. No negotiation, take it or leave it offers 5. Insurance company float
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