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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" 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: Uwharrie   😊 😞
Number: of 21944 
Subject: Magnificently Concentrated
Date: 02/08/24 10:11 AM
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No. of Recommendations: 14
The title of GMO's recent newsletter. It offers a good explanation of how the market's concentration is adversely affecting 90.2% of the active funds. I am reminded of a Michael Burry interview about two years ago when he spoke of mouse hole sized exits for future days when the market takes large turns downward. He posits the concentration and index driven aspects will lead to some surges that will not be able to squeeze through the mouse holes leading to some wild price shifts.

My humble POV is to keep-on-keeping-on with a coffee can investing style and waiting to buy quality companies at fair prices with accumulated cash when periodic stumbles happen to those stocks.

gmo.com - Gmo quarterly letter 1q

Uwharrie
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This community has written 21,448 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 · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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