Subject: Re: Berkshire and Tariffs
Ha! The Dow is down -1550. Dow & S&P down -4% in the first 1 1/2 hour.
Shades of Black Monday 1987.

Smells like panic. Toss everything out the window in case the world comes to an end. Spoiler: The world never comes to an end.
Lots of people are going to be rich from buying right about now.

Half the country is insane. Problem is, everybody thinks it is the other half that's the insane ones, "we on this side are the only rational ones".


Bright side today: AJG is up 1%, BRO is flat.
{My hat is off to whoever here said that he'd been pounding the table for AJG for 30 years. I finally bit a while back. Too bad I didn't listen to Jim when he was touting WMT.}