Subject: Re: The Kingdom is dead. Long live the Kingdom.
“Maybe everything will be pretty smooth and richly valued almost all the time in future, who knows? But I would not assume that to be the case.”

I recall Warren saying in the recent past AGM that he Still feels satisfactory opportunities will arise often unexpectedly, and therefore he is neither eager to start a dividend nor compromise on his buyback discount threshold. I hope he is right, esp. to add a few gems of solid wholly owned companies.

Maybe the US election or geopolitical turbulence might create some volatility and pretty good opportunities, despite causing us some short term indigestion?