“FWIW I’m about 85% stocks. Sold and donated some Berkshire last year, 5% of port. Still have an awful lot of it. Tax considerations making me delay selling more.”

Agree, right or wrong, I’m wired the same way and currently ~93% stocks with majority in Berkshire. Warren’s 30% cash position eases concern wrt overvaluation. Even without his steady net selling & allocation adjustment the last 18 months, I doubt I’d sell. 2008-9 taught me I could stomach a 50% drop (with some indigestion) & ride it out although it was a long 4 years or so before we reached pre-GFC highs.

Will be interesting to see how mindset changes with age and a few more years in the drawdown phase & a correction/bear, but so far just sitting tight with an occasional trim for living expenses and hoping to live long enough to outlast when the next sizable downturn arrives. Good luck to those that attempt to sell & buy back market time, but it can be a real challenge & costly.

Berkshire Hathaway FAQ

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