Subject: BRK Selling Dilemmas
I’ve never sold a single share of BRK which I’ve acquired over the years since 1998. I’ve been happy staying the course and am a bit surprised by my own self-discipline that I didn’t get shaken out earlier. However, for the first time, I’m feeling a bit of trepidation and am getting itchy fingers on the keyboard playing with limit orders. It’s been one helluva ride but I’m basically thumb sucking right now trying to reach conviction that maybe now is a good time to pull the trigger and dump a bunch in my Roth & 401k. I won’t touch the shares in my taxable account which are earmarked to charity when I pass. I have slept well in the past but am now beginning to question my own LTBH philosophy, given the over concentration I now have in BRK (84% of net worth). It’s the idea, that as I approach age 70, I’ve already won the game, so why keep playing? It’s also the sudden realization that I want to keep what I got in case of a Black Swan event. If I liquidate all BRK in my tax-deferred accounts, that will bring me down from 84% or so, to about 62% net worth in BRK in the taxable account. I can surely stomach my allocation of BRK at that level, even though it may still be a lot of concentration for many of you on this board. Any thoughts? Anyone facing a similar dilemma? I’m tempted to ride the momentum for a few more trading sessions until the price begins to stagnate. I know Jim has a few rules of thumb about letting the chips run for a bit after breaking a new high?

On another subject, I have cash sitting mostly in treasury funds, but am considering venturing out in duration with short term bonds 1-5 years. Can anyone offer some thoughts on where to park fixed income stuff for now. Short term, intermediate, long term bonds? I fear a resurgence of inflation could be just around the corner once the Fed starts cutting, so getting whipsawed in the bond market might not be fun just to eke out a bit more total return/capital appreciation using bonds or bond funds with longer maturities. Without putting too much stock in bearish macro considerations, but rolling recessions for the next few years may not be all that far fetched, given the distinct possibility of manic fed tightening and easing that could wreak havoc on battling the twin challenges of inflation and massive debt expansion. Thoughts?