No. of Recommendations: 5
At several points over the last 30 years or so, I have borrowed funds (from myself) to buy Berkshire. It has always worked out well and I have always repaid the loans. It's been a while since I have done so.
I now have the opportunity to borrow from myself (life insurance) at a fixed rate of 2.25%. At current prices (~520/B), I am not inclined to buy more Berkshire. At what multiple of BV would it be too good of an opportunity to pass up? I'm thinking maybe 1.25 or so.
To state the obvious, I would never borrow so much so as to jeopardize the policy.
