Subject: Re: Tariff reaction tomorrow?
"Stop trying to figure out what is going to happen and pay attention to what IS happening & adjust as needed. Paying attention is much easier and more effective than forecasting."

I can't believe having to post these on the BRK board.

What IS happening? Berkshire and the market are at particularly high valuations. It's fine to take some risk off the table and get an easy 4% nominal return. No political forecasting needed.

Buffett has about a third of Berkshire's market cap in cash.