Subject: Re: Why I sold my entire Berkshire stake
I have owned Brk since 2013, and was buying new shares almost every year.
I am not sure it’s a good idea to sell when a stock is slightly “over valued”. I made that mistake too many times.
Look at Costco. It’s was “over valued” at half of current price not long ago.
Maybe Brk is finally being appreciated. Now will be the time to hold steady and ride it. There’s really not many alternative investments out there. I think money from the big 7, bitcoins, housing prices will be flowing in.
When Brk is truely overvalued, I trust Buffett will start paying dividends.