In assessing the performance of Berkshire Hathaway he counts, not the price appreciation for the companies in which Berkshire has big stakes (like Coca-Cola), but Berkshire's proratashare of their net.
What is truly revolutionary about Crawford is the proposed remedy: Parents of kids attending failing schools would be permitted to take the proratashare of public money spent on their children and use it to pay for them to attend other schools, public or private.
Current stockholders in the company will have the option to redeem their shares in return for an amount of cash that is equal to their proratashare of the funds remaining from the 2010 offering, or they can choose to stay on and ride with Falcone.