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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝 SILVER
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Number: of 22351 
Subject: Re: OT: Mungofitch - Any observations on DG results_QM
Date: 08/30/24 6:12 AM
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No. of Recommendations: 26
Jim recommends absolutely nothing...

Hey, I'm happy to say I recommended it. I did. And I stand by it having been a pretty good call.

Sure, things have gone worse than expected at the business, but unpleasant surprises do happen. It will probably take longer to come good, meaning a lower rate of return, but from where I'm sitting the fat lady has not yet sung. I'm still long, and I don't expect to be reducing my position any time soon.

Did anyone ever notice that the Washington Post stock didn't bottom out until about two years after Berkshire bought into it? And for good reasons, too--the printers' strike was not fun. Not that this is a good call like that one, merely that it's a bit early to say my call was a bad one. Prices go up and down.

Something might happen that convinces me they're headed for much more serious trouble, or that there is a much better opportunity in front of me for the money I have in it. Until then I'm in.

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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