Subject: Re: More Siri,
Great news: $SIRI will be up 50% within one year, almost certain now, since I sold my full position yesterday. It’s bound to happen.

I read the results yesterday and concluded I don’t see what Berkshire sees. Will be interesting if they explain it some day. Slowly declining top line makes life hard. I struggle to see how you get a significantly higher exit multiple when business is struggling.

I’m also extremely concerned about the stock market overall and it helped bring up my cash allocation significantly.

I’m thinking about Buffett’s comments when he wound up his partnership years ago. “I don’t understand this market any more”. I’m holding Berkshire and cheap FTSE 100 making up about 60% and then 4 or so smaller firms I like long term and about 20% cash which will grow with income over coming years. Going to try really hard to build cash by avoiding buying equities unless they get significantly cheaper.

Companies like Microstrategy continue to boom higher. This is not normal. I’m out.