No. of Recommendations: 11
I am absolutely content as long as fortress Berkshire
- longterm provides a modest return, say >=5% after inflation
Yeah me too! I do think there is a difference between LT Berkshire shareholders (like us) and newcomers or folks thinking about buying Berkshire stock now. We LT owners have deferred taxes working for us (I think of it as my own "float"), so the stock & business doesn't need to perform miracles for us going forward because we are getting that extra juice from our "float", i.e., we get to keep the returns on the deferred taxes. Plus we sleep well at night because we know that the risk of permanent loss of capital is as close to 0 as any other company in the universe.
It's a different equation for newcomers. It is quite possible they have better opportunities elsewhere.
