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No. of Recommendations: 9
HODL.*

Why?
My usual approach of basing these things (position sizing etc.) on sane central expected returns is out the window for a while.
Neither book nor pretax earnings have the meanings they did, so comparisons are a little iffy.
For the nonce, a sane central expectation is a wildly unpredictable year or two.

But Berkshire's businesses will continue to throw off more cash every month than I'll ever see in my lifetime.

Jim

* (present tense first person singular, not the imperative)
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