Subject: Re: Berkshire Valuation v Fairfax Financial
EvBigMacMeal: The old story for investing in Berkshire is to protect the down side. You don't need to get rich twice...... I am grateful for your willingness to share your knowledge.

And I am grateful for your above sentences which clarify for myself why Berkshire is so important for me (and why I should not give in to "lighten up" temptations when it's a bit richly valued).