Subject: Re: For all those trimming/selling…
What are you buying?

Beats me. I wish I knew.

Sitting on more cash than I've ever had before. Something will turn up. Maybe Berkshire will ride the other half of the valuation rollercoaster some time soon.

I might restart my quant portfolio. The only problem with that is that it will tend to correlate with the broad market (with the hope of a bit better), and the broad US market doesn't look that great to me right now.

Meanwhile, I'm gonna buy myself a really nice audio amp. Ultimately, investing is for spending, right?

Jim