No. of Recommendations: 7
I'm not one to apply that reasoning to Berkshire. Since the low prices never last all that long, neither does the bad feeling, so there is no real reason for the bad feeling at all. Cheap BRK would be great for backing up the truck, so the only "risk" is writing so many puts that you can't buy even more at the bottom.
I find it difficult to picture a situation that the value of a share doesn't keep rising in any given 6-12 month period.
I do, too. But the risk I'm worried about is not whether $409 is an acceptable price to pay for Berkshire B shares - I'm ok with that. But to me, the risk is that I may have to pay $409 for them in June, when they are available for $300, so I am paying $109 per share more than I needed to pay. The fact that they may still be a good investment at $409 doesn't change the fact that I am paying more than I would have paid under the alternate scenario of just watching and waiting.