Invite ye felawes and frendes desirous in gold to enter the gates of Shrewd'm, for they will thanke ye later.
- 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.
