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Berkshire Hathaway Inc. Message Board

  • balak_joshi balak_joshi Sep 20, 2012 2:40 PM Flag

    Why I sold 80% of BRKB

    While Berkshire is a good holding for the long term...the current run from the low 80s to 89 in a very short term has provided significant opportunity to harvest profits. I think the primary reason for this run is the news of Buffett completing his cancer treatment. That said both Munger and Mr. Buffett are not getting younger. The book value is around 107,300 last Q and ikely around 110,000 this Q. The Buffett buy point is around 120,000 on A and around 80 on B. The stock has run up too fast and as charities sell there could be downward pressure and Buffett will not buy till it drops to 1.1x book if he chooses to engage in buying..

    I liked the run and took the profit and now on to other deep values till BRK comes back down

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