No. of Recommendations: 24
I admit upon seeing BRKB break past 540, I unloaded nearly my entire tax-deferred shares. For some illogical reason, I'm still holding onto one last tranche in case things blow sky-high post-meeting.
I will continue to hold the shares in my taxable accounts, since I already sold off this year's allotment and see no need to tangle with the taxman any further.
My amateur theory is that from this point, I don't see a great upside. If and when the share price falls back with the rest of the market, I will again build back my position.
Foolish? perhaps. But I know I've done this before when the price got ahead of itself and I bought back in and bought more shares than I'd originally sold, so that was good!
Since I post as little as possible, I will take this time to thank Tex and bbmd and weaselboy and others for the walk down the Yellow Brick BRKers. I met Gartmann at a talk given by Roger Loewenstein, where I also met Josh and Jill Silverberg - I hope they are doing well wherever they may now be. I was a youngin' at the time -- under 30! -- and when John mentioned he'd paid under $10 for his yellow jacket, I told him how I paid $5 for my winter coat at a thriftshop in NYC. He laughed and told those within earshot -- he's one of us. Check what he paid...and that is how I felt about everyone I met in the BRK world. The money was for peace of mind, not for gaudy showcases. I emailed with Lyle and Charlie Page. Charlie would visit the art gallery in Carmel where my wife had her paintings and kept an eye on them for us. A sweet soul.
Would weaselboy -- or anyone -- know the whereabouts of JBenvent? He was another helpful contact when I was in the early stages of learning the BRK culture.
Seriously, everyone I met or simply read on the old AOL board helped educate me and become comfortably with being the first person in my immediate family to invest in the stock market. My parents lived through the Great Depression (yes, I was the outcome of their 25th Wedding Anniversary celebration!) and were permanently fearful of anything that wasn't flat out guaranteed. It cost them millions, by my count. Which didn't matter to them. They kept busy until they couldn't.
Hope all going to Omaha have a great time and take good notes! As always, I'll be with you in spirit.
SD
