No. of Recommendations: 9
What percentage of Berkshire/bonds would be prudent given the non zero risk Berkshire gets targetedI have no idea. Nobody has any idea.
All one can do is fall back on aphorisms, and pick one that suits you best. Or pick two and weight them in proportion to how compelling each seems based on your outlook?
On the one hand:
Don't risk money you need in order to make money you don't need.
On the other hand:
The market climbs a wall of worry. There is ALWAYS some huge risk visible. The market rises over time.
Mr Buffett's oeuvre is replete with long term bullishness on America and its resilience, and he has been right so far.
On the gripping hand:
https://i.insider.com/5474a6536bb3f7b2528b4567?wid...Jim
