Subject: Re: Berkshire and Tariffs
Not buying yet. Panics usually take more than a day if past US market crashes are any indication.
It's day one of the bear market. There will be violent rallies briefly, but as of now, tariffs seem genuinely bad for US economic growth, and for global trade in general.
BTW the tariff percentage calculation was a remarkable sleight of hand. Hats off to whomever in the White House who took this alleged Hollywood director quote to heart: "you can never underestimate the intelligence of the audience".