Subject: Re: Ravi on repurchases and valuation
'Sitting on your butts waiting for a fat pitch is the hardest'
Yup...
I sold a 27% tranche back in March at $528. First shares sold ever and it was excruciatingly painful. But, with BRK at a 55% slice of the portfolio at my age and a unusually high valuation, it seemed prudent.
Today I started 'project reclaim BRK' and bought back 25% of those sold shares at $478.
Hoping fatter pitches coming our way over the next year or so. Maybe they will or maybe they wont. But my first reclaimed tranche was secured at a 9.5% discount from the original share price sold. In a retirement account as well.
Time will tell.
Cheers everyone and good hunting.
m