Subject: Re: I’m Trimming - Filed @472
“I had been a steady buyer up until retirement. The transition from buyer to seller was a mental shift. Selling at these prices is satisfying.”

Well played and well timed. Thanks for sharing- did you trim or sell in a big way? I will struggle with this transition as well.

Sitting tight here as I have about 12-18 months of cash in the cash bucket and want to kick the pain of heavy LTCG down the road a while longer. No plans on touching the IRAs for at least 5 years so I am just sitting tight there as well. Wow, P/B>1.7! It certainly feels a bit weird up here with So much Love from Mr. Market & the highest since my ownership. May be a while before we return to those days where so many loaded the 18 wheeler with shares at P/B<1.3. Nice to see us approach I.V. range, but it took the patience of Munger to get there. Fascinating to watch it all play out and great to see how different shrewds are reacting to this run.