Subject: Re: Buffett continuous selling,
This guys timing has been terrible but in this piece he makes a compelling case with respect to current valuations.

All sorts of people make "a compelling case" all the time. Most of them don't pan out and they quietly forget their prediction.

"I don't need to know what's going to happen next. I just need to know what I'll do in response to whatever does happen."

Go with the trend until the trend changes.

I got scared out of the BRK-B 260 Jan'26 call when the P/B got to 1.55. Sold at 150 for a 16% gain.
Now it's going for 235 which would be a 81% gain.
When I sold, BRK-B was 383, now is 480.