No. of Recommendations: 15
It should be noted, Warren Buffett gave rare investment advice on Berkshire B shares before they were issued in 1996 as the price was historically quite high. Buffett’s advice, which he repeated several times before the B share issuance: “I would not buy them”.
The growth of Berkshire’s revenues and earnings has decelerated since , as Buffett then promised. So you had an expensive, large, blue chip stock in a high priced market with promised decelerated growth with a CEO who said he wouldn’t buy the stock.
Since then the B shares have appreciated more than TWENTY TIMES, pegged to an insanely high $33,000 per A share.
Just hold the damn stock. And ignore calls to sell it. Even from THE most trusted sources. Like the one who chimed in in 1996.
