Subject: I bet against BRK
Well, kind of.
I'm leaving almost all (well over 98%) of my BRK untouched, as always.
But as I outlined here ( https://www.shrewdm.com/MB?pid... ) a few weeks ago, I have a smallish orphan IRA from way back in the day that is a no-tax-considerations tradable account that in no way represents $ I count on for my retirement. It's sat holding nothing but BRK.B for at least twenty years.
...and for reasons outlined in the linked post, last week I went ahead and traded this milk cow for some magic beans: 50:50 LLY:NVO. (Details here: https://www.shrewdm.com/MB?pid... )
I'll report back in at least two/no more than five years as to how it worked.
One of two outcomes is possible:
1) I will have made more money than I would have otherwise,
or
2) I will have added further confirmation of Pascal's Other Law: “All of humanity's problems stem from man's inability to sit quietly in a room alone.”
--sutton
who probably should have just spent the time reading.
Lord knows there are enough books piled up around here.