No. of Recommendations: 18
I did at $464.77
I had $466 limit order clear as well. I am now back into BRKB in a meaningful way after selling at $510-$520 last year. Is the difference in price something to be proud of? Not really - more embarrassed that I got out than anything. But I was feeling pretty uneasy with how much cash was sitting on the balance sheet, the high valuation of the market overall and the BRK stock, and with the uncertainty of Greg Abel taking the helm.
Now the stock has come down from its highs to something with a wider margin of safety, and I have loved the moves that Greg Abel has been making since taking the helm. That includes taking more ownership of investments after a period of time when the stock buys and sells BRK has doing seemed short term focused and confused to me. I thought that might accelerate after WB departure, but it feels like its being reigned back in by Greg. His performance at the AM was also exciting. I loved his rational command of the businesses.
So instead of holding a lot of my portfolio in cash in a market that feels very much like its overheating, I have opted to reopen a large position in BRK with that cash. I hope there is a near term opportunity they will have to deploy a lot of $380B held on their balance sheet, and if not, then at least it seems $465 or so is a range that could encourage a lot of buyback activity from corporate. My last time of being a large (for me) BRK owner lasted over 15 years. So if I hold onto this stock for 10-20 years again this time, I am completely confident I will have gotten in at a good price, even if its not a screaming bargain.
