Within our builders supply and millwork we met repeatedly after the election and unanimously (there's 3 of us on the investment committee but 5 are owners and all 5 of us met) decided to get to 50% cash as tax efficiently as we could. This was the most significant move we have made since deciding to sell all but one of our builders supply businesses over 30 years ago.

We got to 44.8% cash (short term treasuries) and that included selling about 1/3rd of our Berkshire stock. We were lucky to sell all we sold at very solid prices before the plunges started, on pretty significant up days.

This decision isn't one where we expected anything like what has happened, it is a decision based on much longer term thinking. The election just put us in super-charged mode. Every employee we have is a supporter of the current administration and we love them to death. All of them assume completely too that we support the administration. We do not speak of our beliefs whatsoever in our businesses.

Life....great if you can stand it!