Subject: Safer to diversify?
Like so many here, I've been severely overweighted BRK for 26 years now. At some point, any advantage of holding BRK over an equal-weighted index ETF (QQQE, particularly, RSP in second place) will be very small if at all. If the markets weren't as richly valued while BRK still is below intrinsic value, I'd be switching over a sizable percentage (never all, until completely convinced the BRK machine isn't engineered to succeed better in down markets). Yet, I can't quite do it. I did put a limit order in on a starter position in QQQE that was hit last year and is now up over 20% since. But I'm still some 80%+ in BRK.
I also hold positions in GOOGL, MKL, Fairfax, KMX, NOBL (ETF), and a single share of MMM (3M) that even with steady dividends and fractional purchases is still down 47.37% in the over 6 years that I've held it. (Man, does anyone own this in any quantity? Be sure you only buy it when it's super low!) and I have a limit order open for COST if it should fall back a little ways.
I'm an admitted lazy moron when it comes to this. I read about WEB in 1996 and found the AOL board soon after and by 1997 felt comfortable enough to say why not? Haven't found any other investing philosophy that makes as much sense to lay people. Or any other pro-investor who has provided returns as rewarding to common people like me. Jim Simons, tear down that wall!
I'm grateful for any sound advice. Thanks in advance.
SD