I am not a WEB cheerleader on his politics either. However, I trust him to handle my money better than I can ... even if you think BRK has been beaten by the SPY in the time frame you have arbitrarily picked. Let someone else sit in front of their computer all day. Others have made the point that BRK does better on the way down than the way up and that is the only thing I will be cheer leading as markets look stretched. Bad money drives out good money and WEB knows it well and has better connections than you or me to figure things out. I just don't understand why people whine about companies they think are done. I sell my stock and move on to something else (and sometimes take a parting shot). Why keep a position you are not happy with and dwell on the past. Seriously. Wish you good luck. You say Buffett is like a washed up athlete. So you sold your BRK and moved on or are you a washed up athlete too?
Portered has spoken. Now vote with your wallet and sell your shares and move on. Nice knowing you. Good luck.
I like it when wussy scaredy cats run for cover and sell. I have to put some mOney to work so I don't have to.
And I bought even more. 140+ equities and over 10 bil operating earnings and 47 bil cash b4 psx buy. I sleep pretty good at night even if the carloads sucked today.
Added a few below 130. BRK portfolio down 2 bil today. If it goes much lower BRK may show a loss for the quarter from investment losses. Nice lesson on NEY king. Why not let WEB do your work for you if the odds are stacked against the little guy?
Someone must pay him to tell people to take the opposite side of the trade that makes sense. No one,
I mean no one can be that horrible. I would pay 100 bucks to get a copy of all of his account statements for the last year. Every time i see him on tv he is saying the exact opposite of the last time i saw him it seems.
You may be wasting your time reading those who say the world is coming to an end. Life is short and the world only ends once. You can learn more in one WEB letter than all of those hacks combined. Just sayin ...
If you listened to Stockman you would have sold everything and built a bunker at DOW 7000.
2000 about 3 billion in earnings. 2014 about 20 billion in earnings. I think there will be demand. Look at it today. 10 bil Op earnings X 15 P/E = 150 bil + 140 bil equities + 64 bil cash. What is not to like at $130 a share? What do you think it is worth and at what price would you buy it? 120 (1.2 X book)? If everyone else it looking at that price then it might not ever get there.
I am fine with PCP not being acquired. That is 600 mil in BRK's pocket. Plus I don't like paying at the top of the cycle for transports. WEB does stuff like that all the time and PCP does have an edge right now but wide margins attract capital and low rates make that easy. GLTY.