Subject: Re: brk weakness caused by ,
" Buffett never said that their holding period IS forever, he said that their FAVORITE holding period is forever. That means that they have various holding periods, but the ones they like best are the companies that they could potentially hold forever."


I wonder how much capital gains tax brk has paid in the aggregate the past ten years? The past 20 years combined? He has now decided that paying 30-75 billion in tax in a year is fine. Seems like a dramatic change of thinking to me, but we shall see.