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Stocks B / Berkshire Hathaway

URL:  http://boards.fool.com/his-buy-decision-appears-to-be-based-on-the-30428768.aspx

Subject:  Re: Mr. Market & The Floor Date:  12/12/2012  4:48 PM
Author:  mungofitch Number:  196864 of 214643

His buy decision appears to be based on the perception of the increased floor alone.

Remember that he's a fund manager.
His goals include asset retention, not just optimally high and safe returns.
Unlike us, the career risk of a falling price in the next year is a big deal to someone in his shoes.
In that context the higher floor today makes it a safer pick for a large allocation...for him, not his clients.

Jim
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