Subject: Re: kingswell, the brkb beat,
I still have a simple question. Based on the SPY current valuation, concentration, and change in rules allowing hot IPOs to enter the index quicker, with reduced qualifications, does Buffett currently believe it's appropriate for retired people to be extremely overweight SPY? Should any retail investor currently be overweight SPY?

What are his current thoughts? Should brkb be positioned as a conservative alternative to spy? Will Greg do that once Buffett leaves the dugout? Stay tuned.