Well good luck to both of us then. I hope this closes out soon.

The problem will become where to deploy the cash. I am having a hard time finding things that I want to invest in after the run up this year.

On that point, anyone with good ideas? Do people have thoughts on INTC? Its one of the few tech things that trade at an attractive valuation but INTC has lost so much to competition and poor execution over the last 5 years. Given the capital intensive nature of the industry and the benefits of being further down the experience curve, I used to think it had a huge moat. But that has turned out not to be as strong an advantage as I would have thought. But I can't get myself to sell out of it. Its an oligopolistic industry, with huge returns to scale. INTC strategy of being differentiated through vertical integration in a category where most are using foundries seems to me to be a large source of strategic leverage if they can get the execution right. So its made it difficult to get excited about selling out of the shares even though its been a stinker now for a long time. I am constantly thinking about investing more instead. Is that a sucker's bet?

Berkshire Hathaway FAQ

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