Subject: Re: Bucket Approach
I’m an oddball as I am nearly 70 & still 93% equities and 7% MM, but it has worked out over the years. I think we have the temperament to ride out another bear or two. Fasten our seatbelts!
Over 2/3 of our equities are in Berkshire so that provides a lot of peace of mind, no matter what the market conditions. Warren is looking pretty smart and conservative right now with $325B in cash equivalents now, so he has lowered risk already for BRK owners with the sizable AAPL and BAC selling amongst others. He may be early, but he’s usually correct!