Money 2.0 Stuff: Stock splits are bad for price

The basic idea behind stock splits is that "the price is too high, imo."

If I buy $100 worth of Berkshire Hathaway Class A shares at $262,000 per share, I have the same absolute exposure as if I had bought $100 worth of Uber shares at $36 per share.  But, intuitively, it is a bit easier to imagine Uber's share price popping to $100 than it is to imagine Berkshire Hathaway Class A shares rising to $1,000,000. In a past time when shares were non-divisible, a high share price could also price out retail audiences, although modern technology has largely eradicated that concern.