I’m out — my entire 401k position in BRK was filled @540.15, “a tidy profit,” as Jim likes to say. I was just staring at the 31 lots I acquired on the many dips along the way, beginning in June 2009 all the way to June 2020, and I was amazed at the overall return. This was mainly an asset allocation decision and not anything more than that. At age 70, I feel like I’ve won the game to some extent, but I’m still playing. I took my overall BRK position at 82% down to about 65%. The remaining 65% is in my taxable brokerage account acquired mostly since 2008 so this allocation makes me sleep just a lil’better in these exuberant times, and my 401k is all in cash at the moment which gives me lots of optionality.

I will never sell the remaining 65% (fingers crossed) as it is earmarked for a handful of charities which are important to me. And if Congress wants to close that loophole in allowing the passing of my Berkshire shares with the stepped up basis for philanthropy purposes, and without incurring an estate tax, then they are going to have an awful lot of pissed off charities out there with such legislation.

Berkshire Hathaway FAQ

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