Subject: Re: Brk up again, does anyone have a clue
I was also taking into account that "party like it's 1999" mood in the markets. A rising tide lifts all boats, even those that are actually seaworthy

I think to remember it was different then, that Internet stocks did rise and rise --- and Berkshire went lower and lower. I bought my very first share of Berkshire the day Cramer yelled (March 2000 or so? I would have to look up the date of my first Berkshire buy):

"Berkshire Hathaway? There is only one thing to do: Sell! Sell! Sell!" (Thank you, Jim Cramer).

Which btw is not completely different from what I noticed so often this year: That the daily moves of S&P vs. Berkshire were exactly opposite. One of the reasons why I doubt they now move in tandem for much longer than the 1 month since that is the case. Too many rational Berkshire investors will sell when it continues to become even more expensive.