For certain stocks, Buffett has no intention to sell, however, those are still considered “available for sale” stocks.
Buffet’s tax lesson on dividends – “For a non-insurance company – which describes Berkshire Hathaway, the parent – the federal tax rate is
effectively 101⁄2 cents per $1 of dividends received. Furthermore, a non-insurance company that owns more than 20% of an investee owes taxes of only 7 cents per $1 of dividends. That rate applies, for example, to the substantial dividends we receive from our 27% ownership of Kraft Heinz, all of it held by the parent company.”
Buffett compared results of HFs vs. S&P 500 over the past 9 years. On average S&P 500 won.