Will Berkshire Hathaway's retail stock price bring retail investors?

For years, the price of Berkshire Hathaway (BRK.A)'s Class A and Class B common stock has been priced out of the range of what most retail investors can afford. A share of the less expensive of the two classes, the B, trades at about $3,300.

Berkshire, run by Warren Buffett, announced on Tuesday that its Board of Directors approved a 50-for-1 split of its Class B Common Stock. The transaction still has to be approved by shareholders, but that's nearly a sure thing.