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Stocks B / Berkshire Hathaway

URL:  http://boards.fool.com/3-i-stupidly-allowed-myself-to-think-that-lots-30301750.aspx

Subject:  Re: Still cheap at 4 year high Date:  10/5/2012  9:28 AM
Author:  AdvocatusDiaboli Number:  194670 of 214643

3. I stupidly allowed myself to think that lots of other folks would see it that way too, and that BRK would be seen as a uniquely safe haven in the storm.

It's always instructive to remember that during the oil crisis of 73 and 74, when oil and gold went up, oil companies and gold miners crashed along with the rest of the market.

Most of what stock prices do in the short and medium term is a result of shifts in risk aversion, and in the end, a stock is a stock is a risky thing, and as such is sold when there is a turn to extreme risk aversion.
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