Subject: Re: Tariff reaction tomorrow?
"I can't believe having to post these on the BRK board."


My quoted comment was because I assumed that the bulk of people posting on the BRK board were more-or-less experienced investors. As such, they'd not be ones who invested emotionally and panicked at the thought of a pullback after a run.



It is very easy to make fun of people when they post their honest opinions. Your opinion seems to be, based on the quotes, there will be no correction or the market will go up a lot before a correction so the gains will not be wiped out. Is that your position?

Not making fun of anybody at all. Merely pointing out a well accepted market truth---that corrections are an integral part of the market. And that “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

I have another dozen or so quotes along the same line from various people, which I didn't post.


Do you have a position? Since you yourself are posting on the Berkshire board and not the index investing board, I assume you're OK with taking a single stock risk. Post why. Don't just sneer.

A position? A position in BRK, yes.

A position in the dictionary sense of "A way of regarding situations or topics etc."? Also yes.
Primarily typified another long series of quotes.
"True bear markets start slowly giving many months to get out as was the case in both 2000 and late 2007 into 2008. Fast declines, or panics typically retrace quickly and are better bought than sold.
Typically, waiting a few weeks here or there to get out when you are talking about a huge correction isn’t meaningful." -- Newfound Research

Jim (mungofitch) has said the same thing for the last 20+ years -- markets top slowly and you have plenty of time to get out. You take the beating of a -5% or -10% drop before the -40% plunge, because MOST 5%-10% drops are just speedbumps and the plunge does not occur.

"Le tourment des précautions l'emporte sur le danger que l'on veut éviter, il vaut mieux s'abandonner à sa destinée" --Napoleon Bonaparte
"The torment of precautions outweighs the danger one wishes to avoid; it is better to abandon one's self to one's destiny." --Napoleon Bonaparte


Since you yourself are posting on the Berkshire board and not the index investing board, I assume you're OK with taking a single stock risk. Post why.

Single stock risk? Not at all. BRK is just one of my many holdings. One of the largest holdings, but only about 8% of our portfolio.

I follow the BRK board because there are some really smart people who post great investing thoughts & techniques here.



Don't just sneer.

Not at all. Don't read something that isn't there. Advising people to not panic isn't a sneer.

“Never take counsel of your fears” -- Stonewall Jackson and/or General George S. Patton.