Subject: Re: BRK Overvalued Now?
dealraker wrote:

In 1973 the newspaper was sold, dad owned 20% of it and I was one of four, that's 5%. So time passes and the other owners/sellers of the newspaper went to fixed income to make it through life as is the proper method according to...well, you know it is the common path of older age.

None of their children and grandchildren have anything and when I write that I mean they are house-debt-free but that's basically it. Those of us who stayed in business/equities? I have a few 100 baggers and I am not, read NOT, a great investor.

I have dividends in a few stocks that exceed what I inherited (from the total of those stocks).


dealraker, I just wanted to chime in how much I appreciate your posts about your history of investing. I find it inspiring and a wonderful counterweight to all the chatter about lightening up on BRK when price/book goes over 1.4, switching to options at 1.2, etc ... I mean, more power to those who can pull it off and add value, but I don't trust myself to consistently make good decisions as the overall environment changes with its inevitable psychological ups and downs. I've had some spells of outperformance with shifting my allocations, but I'm sure overall I've hurt my performance over just sticking to a stock-dominant diversified portfolio.

Just for curiosity's sake, what are your 100 baggers? My mom invested a lot like you, it seems, buying stocks she thought a good deal and keeping them forever. She's had some huge winners over the years with Exxon, Home Depot, TJ Maxx and BRK, along with a lot that have done alright, some few tanked, but overall the results are amazing for a school teacher, and yeah, dividends plus SS give her all the income she needs and more.