What are you folks doing?

Staying put.

I think we all agree the days of large outperformance are over. I think we also agree the broader market appears to be on the high end of valuations (BRK too). In that case, BRK having a large cash position is a good thing, no? As a minimum, BRK acts sort of like a mutual fund that doesn't charge fees or pay dividends (which I don't want). So if BRK just matches the market, to me it is better than an index fund. And I don't think it is crazy to suggest that Warren, Greg, and Ted and Tod are in the upper tier of capital allocators, so it is reasonable to think of BRK as some kind of long term juggernaut. Could be wrong, but that is a reasonable view.

If you are reading this, you probably have been reading this board and its ancestors for 2+ decades. Which means, uh, we're all of a certain age. At this stage in my life, I don't want to get rich, I want to stay rich. If there is one thing we know about the Chairman it is he doesn't like to make mistakes. At this point, I'm cool with no mistakes.