No. of Recommendations: 0
' AdrianC, Good morning old bud. Just wondering, is it conceivable that you might consider the fact that Buffett has handled this transition very poorly, to be kind, or, are you convinced uncle warren has pitched a perfect game the past 2 years, again?
Hey, old sport, I think Mr. Buffett handled his retirement announcements with his usual intelligence, rationality, and class.
Why do you think he handled it poorly?
Berkshire stock was at an all time high or thereabouts when he announced his retirement. Somewhat overvalued. So the small drop (about 8%) is surprisingly low to my mind. Thought it would be much more when he announced he was stepping down."
Good morning bud, I'm shocked, shocked, that you didn't compare brkb vs spy over that time period.
Look bud, I told you I just couldn't sell 25-year-old brk in taxable accounts at 525 plus, so I did the second-best thing. I sold calls close to the money to see IF,IF, Greg was really going to be in control. I have my answer you can think what you wish. Now I have to pay tax on the call premiums IF they expire worthless which beats paying the tax on the common.
I'm not going to talk against my own book, the stock price action speaks for itself. If you are pleased, I'm not surprised, you are a loyal long-time member of Club Brk. AAAAAAAAAmen!!
I'm curious, do you think Buffett should have authorized buybacks at, material discounts to IV, 10-15 years sooner and acted on that right? Can you make that concession?
Thank you.