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

Berkshire Hathaway FAQ

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