Subject: Re: What recent Berkshire security do you like best_QM
There is an old quote: "Silence is the most powerful scream". Perhaps the comparative "silence" in only putting a pittance of Berkshire's huge cash hoard into stocks as noted in the recent 13F filing is a powerful sub-sonic scream that stocks are over-priced and none meet Berkshire's margin of safety requirements for new investments.

I'm finding itty bitty companies meeting my personal margin of safety requirements and gingerly still collecting information before pushing the buy button. As many of you know from experience, the extremely small companies with capitalizations under $500m are frequently hard to enter (you drive up the price when buying in quantity) and hard to exit (you similarly drive down the price when exiting in quantity). They also have other types of headwinds and issues.

Moving up the capitalization ladder, the majority of quality companies with market capitalization between 10 billion and 100 billion are currently priced above my MOS threshold. Thus, everyday is a reading and evaluating day while waiting for a market capitulation or more frequently, the capitulation of a particular quality company's stock valuation.

Anyone else in the same boat and doing research while waiting to pull the trigger to put available funds to work?

Uwharrie