My quoted comment was because I assumed that the bulk of people posting on the BRK board were more-or-less experienced investors. As such, they'd not be ones who invested emotionally and panicked at the thought of a pullback after a run.
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Not making fun of anybody at all. ... Don't read something that isn't there. Advising people to not panic isn't a sneer.

I think you make a valid point. Both about not panicking, and about not reading something that isn't there.

But, FWIW, when one makes one's point with quotes, it can come across as very smug or condescending. It is very easy (indeed, the rule) to misread mood and tone in posts and emails. Worse, most people (probably including myself) have a Dunning-Kruger result: they THINK they're good at reading the tone correctly, but manifestly aren't.

Incidentally, that's the reason that I insert smileys so often (which in fact I despise as a style) - to encourage people to appreciate that I am trying to be light hearted, not snarky or mean : )

Jim

Berkshire Hathaway FAQ

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