Be as clear and concise as possible in your posts, and avoid using jargon or unnecessarily complex language. Use proper spelling and grammar, and make sure that your posts are easy to understand.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 0
No. of Recommendations: 11
No. of Recommendations: 25
<<"We sold the last of our Berkshire shares, says Smead Capital’s Bill Smead"
A) Buffett premium is gone.
B) An S&P sell off would hurt Berkshire.<<
So, he liked it WITH a Buffett premium at $540, but “the Buffett premium is gone”—so that makes it less attractive 10% cheaper…ok…
And an S&P sell off he worries would hurt Berkshire even though 70% of the company is not even invested in stocks, and BRK cash exceeds total stock exposure. But he worries about a stock sell off in Berkshire—more so than his other stocks. Got it.
No. of Recommendations: 7
A) Buffett premium is gone.
Apparently he waited until Buffett premium is gone before selling it 😃 LOL. And apparently he didn't know that Warren would no lomger be running the company at some point. What a crock of shit!
No. of Recommendations: 8
having read the smead&son posts for 5+ years, he does come out with some interesting value investment narratives, but never bothers with disconfirming points.
other actions tell a more full story.
smead recently uprooted his firm from a blue state to a red state.
moreso, he was 100% convinced trump&gop knows what they are doing and had a strategy. slightly less so now, only in that he treats economic damage as some acceptable byproduct of a mysterious greater good.
No. of Recommendations: 0
Lucky or prescient, looks like Smead's timing was good.
Expecting a barrage of angry posts from those on this board who attempt to market time their BRK buys/sells based on current valuation (P/B). In fact it seems to be a almost constant pastime amongst some prominent board members(at least from reading their posts).
No. of Recommendations: 0
I am not a prominent board member, but I do exactly that and last+up to now this year it worked out beautifully. So I do not see what should be wrong with that, as Berkshire is one (maybe the only one?) of the rare companies where you can do that reliably.
