No. of Recommendations: 4
The tariffs deserve discussion. Politics are hard to dance around when they are at the root of the issue, but the tariffs are a big deal. So is the ending of the US military assistance to Ukraine, the vast majority of which was spent on US defense contractors, giving the economy a mini war-time boost.
Post Covid, economists were putting the odds of a recession at around 75%. I'd say roughly the same percent of the posts on this board were in agreement (they were well thought out posts too, hard to fault them). The recession never came, but I find it easy to imagine that the wheels have been put in motion to finally bring one on.
In all our machinations on BRK price and value, it is an inescapable fact that it will go up and down with major market moves. The treasury secretary opined that the market response would just be a temporary adjustment, and that over all the economy and stock market are going to do well. I have my doubts, and certainly value what everyone else here thinks.
As it applies to BRK, I had a sell order in at $518 yesterday morning. The markets open before the sun comes up west coast time, and seeing an opening at $517, and concerned about the tariffs, I tripled the size of the order. I avoid snap judgements, selling over the phone laying in bed, but it may well turn out to be one of my luckier trades.
