I agree about the potential of a buyback at $140 or lower. I didn't see how it could not be beneficial to all the shareholders. I sold maybe 10 % of my NWLI between $190 and $200 and had very good profits. Nevertheless, NWLI is still my largest position and my most successful one by far. I sure am wondering how high it can go. It is still only selling at about 55% of book value, so I will probably hold on hoping to see $250 to $300. I am surprised at how inactive many of the Yahoo message boards are, including this one. I thought the increasing price would attract more people posting messages.
We had an excess position of NWLI, which we did trim. NWLI is now our second largest holding, XOM has become our largest holding (That is not a recommendation on XOM or NWLI.) We still have around a 10% portfolio position of NWLI (a touch higher). At this point of time, and that could change quickly and without notice, I plan on holding our position.