No. of Recommendations: 10
I could not agree more with everything you wrote, because it’s what Buffett and Munger have taught us. No one wants to believe what Buffett and Munger have repeatedly professed. But it’s exactly what you have shared.
I get such a strong yearning to sell when it got to the absurd price of 500. But today it hit 530.
I played a little mental game. What if I don't sell today, what might it be in 10 years?
Well, what was it 10 years ago?
$141
Oh, what was it today? 530?
What was it when I retired in 2006?
$64
So if we go by past history, what is it likely to be in 10 years, 2035?
Low end maybe $1165.
High end maybe $2000.
Yeah..... $2000 is what BRK (now BRK-A) was when I had $2000 in my IRA and passed it because it was crazy to buy one share of a stock with everything in the IRA.
