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No. of Recommendations: 2
If you don't have a reason to own it then why own it?

He said,
would you keep a stock that looks cheapish

cheapish is cheapish. cheapish in this market can be tricky to find. I should have gone all-in on SHOP! :)


I think GM tends to be super conservative. A trait I like in a fiduciary. Last I heard he had lots of cash. If he says JNJ is cheapish I believe him so I thought keeping it might be prudent. That said, his obsessing over it and being concerned they might be mismanaging asset allocation changes my mind.

But being cheapish was why I originally suggested keeping it, GM.

I like Berkshire. Buffett isn't going to do anything dumb. He will make mistakes and be wrong often enough but being flat out dumb about asset allocation is unlikely. And certainly less dumb than I. But it is huge, ultra-conservative and has limited options so I obsess a little over my large position in it too. Having tons of cash pile up at 1.2 x value isn't so bad I keep telling myself.

Not an easy endeavor, investing.
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