No. of Recommendations: 1
good reminder for me to remember how long Berkshire can sort of flatline for a decade or so.
Hardly a flatline period, it soared from around 50k to 140k and crashed with the rest of the world to 72k. We all knew the intrinsic value had grown over that spell. It just took some confidence to jump in. I looked at other things I bought in 2009, and they include preferred stocks with a base dividend of 7.5% which were selling at 50% discount. Those paid out a tremendous return as they bounced back. Of course, having seen so many investments cut in half, I had a slightly nauseous feeling with every purchase I made.
