Subject: Re: IV versus BV
Me: "However, I doubt they are buying just yet. Buffett doesn't seem to buy when there's major uncertainty. They made zero repurchases in April 2020."
Me again: “I realize this is different to what I wrote yesterday: "We are getting pretty close. I suspect Greg will knock on Warren's door today and get the nod".”
“I got a bit pessimistic in the last 24 hours. Maybe realistic.”
Well, I was right the first time! And wrong the second.
I still feel pessimistic for the short term. Keeping my powder dry. Already have a very large portion of net worth in Berkshire. Goes up, I’m good. Goes down, I’m good.
Good luck to all those following Greg in.