Subject: Re: Hard Tapping on the Brakes?
Unintended consequences I’d agree. But unforeseen consequences? I don’t think so, even among proponents.

I recall Musk saying a few weeks before election “there could be pain before we get the benefit”. I think even Musk & probably Trump saw near term dislocations that could be quite impactful. We can debate how long or permanent those “dislocations” may be…that’s another issue.

Buffett’s raising cash was a risk/reward decision on the high valuations and lack of specific opportunities. Period. And before he knew outcome of elections. He has NEVER invested on politics and never will.

If prices were 30% lower Buffett would have $50 Billion in cash.