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Stocks B / Berkshire Hathaway


Subject:  Re: Still cheap at 4 year high Date:  10/4/2012  6:14 PM
Author:  bbmd2 Number:  194646 of 235692

Those of us who went through these experiences, and the subsequent agonized reflection, last time, may be all too quick to sell out at 1.3 or 1.4 BV this time... which could prove to be another big mistake.


I will tell a worse mistake: BRK gets to 1.4x book, or $150-160k, and you tell yourself that selling will be a big mistake, so you hold on. Then, a few months later the stock market begins a new bear market, and also WEB has an unfortunate health problem like a moderate stroke, and decides to relinquish his CEO duties. Because of this the stock drops back down to $96k.

Tell me how you would feel then about your decision to not sell at 1.4 x book?
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