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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝🐝🐝 SILVER
SHREWD
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Number: of 22989 
Subject: Re: SOLD : $423.25
Date: 02/27/24 3:54 AM
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Didn't you say half a year ago T-Bills with only 1-2 months remaining and the constant need to renew them is too much bother/work for you and that therefore you prefer to buy them with 1/2-3/4 year remaining? I conclude you expect to have better opportunities for your cash in a few months - - - for example a company with HQ in Omaha?

I don't remember saying that...but I say a lot of things : )
I've never bought T-bills before this month, so I wouldn't have been speaking from experience.

It's definitely less work to buy less often, though I doubt that's the main factor to consider in a sensible decision about term. The point of very short term notes (3 months typical, 6 months max) is that they are extraordinarily price stable and liquid, so they can be converted into cash on a moment's notice without fear of capital loss. As soon as you go longer, you're more or less forced to start to have a bit of an opinion about the future trajectory of rates because prices fluctuate.

Yes, I certainly do hope to have better opportunities for my cash within a year. I would very much welcome a brief price crash in our favourite firm, if nobody minds too much. Just look away.

Jim
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This community has written 22,499 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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