brk, surprised no one has mentioned it. That might explain today's weakness.


I don't have access to the report - what did it say? Do you agree with their analysis?

I am on a temporary leave of absence from Berkshire, since I think they are at the high end of their usual valuation level and I don't think their future prospects are that great anyways. I am already heavily exposed to insurance via Fairfax, have a big oil and gas position (including Occidental and Suncor, 2 Berkshire holdings), and own Progressive as a more than satisfactory replacement for GEICO. And I don't like some of Berkshire's big businesses anyway (I'm thinking particularly of AAPL, but also BAC, KO, KHC, Pilot and BH HomeServices.)

But I don't own access to Buffett's immense wisdom and judgment, with $150b ready to jump at a good opportunity. So I might well repurchase a stake, if the price were to come down to $350 or so.

Berkshire Hathaway FAQ

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