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Stocks B / Berkshire Hathaway
|Subject: Re: Mr. Market & The Floor||Date: 12/12/2012 4:48 PM|
|Author: mungofitch||Number: 196864 of 229045|
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.
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