Warren Buffett has never done a stock split of Berkshire Hathaway Class A shares (BRK-A), and he has flatly stated that Class A shares will never undergo a split. Buffett's reasoning for not doing a stock split of BRK.A is right in line with his basic investment philosophy.

Buffett's investment approach has always been that of a buy and hold investor focused on value investing and long-term growth. Buffett is the polar opposite of an intraday trader. In line with this fundamental approach to investing, he believes that allowing the price of Berkshire Hathaway Class A shares to remain at a level that encourages buying and holding the stock long-term rather than trading in and out of it attracts the same type of investor as himself, that is, investors with a long-term horizon and investing strategies.

Buffett created Class B Berkshire Hathaway (BRK-B), which sells for a small fraction of the price of Class A shares, with the stated purpose of enabling small investors to buy Berkshire Hathaway stock directly. Berkshire Hathaway did a split of the Class B shares in 2010, and not at the traditional two to one or three to one rate, but at a rate of 50 to one. While some might argue that this action is contradictory to Buffett's stated no-split policy on Class A shares, it is in fact logically right in line with his rationale for the creation of the Class B shares – to make (and by doing the split, to keep) Berkshire Hathaway stock affordable to smaller investors.

Another potential reason for Buffett ruling out a stock split on the Class A shares is that it's also possible that he derives some satisfaction from Berkshire Hathaway being, far and away, the most expensive stock in the world.

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