Subject: Re: S&P vs. Rodriguez-Chart
Will be interesting to see where you go from here but nice to get paid 5% or so as you contemplate your next move.

Is it nice?

If inflation is running at 4% you're earning 1%.

I have a large stake in Berkshire. And I'd rather keep it invested in Berkshire. Even if forward returns are temporarily low.

Because the other option is to sell and earn 1% while you hem and haw about what to do with the cash and if now's the right time to reinvest.