Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd

The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (43) |
Author: tecmo ⎊☼  😊 😞
Number: of 21944 
Subject: Re: Why I sold my entire Berkshire stake
Date: 03/01/24 9:19 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 4
Let's assume the price goes nowhere for 1-2 years. With profitable operating businesses it then will be again in the lower half of it's typical range of price versus value. So you may buy again.

But what do you do with the proceeds from your sales in the meantime? Ok, Jim spends them for a nice Amp. But otherwise? Will you invest them in a clearly overvalued S&P? Are you a talented stockpicker who knows equally surefire investments which are undervalued (if so: Congrats!). Or will you simply wait and receive some % from bonds during those 1-2 years? And does the latter really matter in the grand scheme of things if you are in for another 20+ years?

Holding cash to wait for a good opportunity to present itself can create major boosts to returns. Note: This is not "timing the market" (at least how I define it); but rather waiting for good ideas to arise. I am very confident that at least 3 or 4 good opportunities (better than holding BRK at current levels) will be available in the next 18-24 months.

tecmo
...

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to tecmo here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (43) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community