From today's NYT:
"Check your wallet. Count your coins. Look at your checking account. If the cash adds up to less than $325 billion, then you have less than Warren Buffett’s Berkshire Hathaway had at the end of September. A lot of the latest increase in cash and equivalents (mostly Treasury bills, actually) came from selling shares in Apple, which is still the company’s biggest stock holding. Buffett said this year that it made sense to sell and pay capital gains taxes now because the tax rate is likely to rise. He’s also not seeing any great ways to spend cash on stocks, including those of Berkshire itself. A warning for the rest of us, perhaps."
Comments
The stock Berkshire Hathaway performance is similar to the SP500 which is unique to B.
Most investors who invested a high % in cash lagged the SP500 by a lot.
What can I learn from him? not much...wait, I based my system on B rules but tweaked it to my goals and temperament, and it worked pretty well.
I'm invested at 99+%. I can sell or buy anytime everything, Buffet can't. That's what happens when you have so muchhhhhhhhhhh money, you lose flexibility.
I have an idea for B, buy the SP500 and stop worrying about valuations.