No. of Recommendations: 6
Why are you so worried about daily price movements?
Fair question, so let me be honest now: I am not worried about that. I found it interesting, yes, but I mainly used my post as a vehicle, trying to transport a message. That I labeled a post about Berkshire as "OT" and wrote about "one of two US policy boards" was sarcasm, borne out of desperation about what's happening here since, when, 1 week? 2 weeks? More? That my beloved Berkshire board degenerates more and more into a politics board, with posters I very much appreciate seemingly unable to stop feeling provoced to continue this politics BS.
I can't believe that it is me who is writing this, as actually I am the one who has a problem with the repeated calls to have this board narrowed down to a "all things CLOSELY related to Berkshire only" board. I am the one who love to see my favourite posters discuss broader themes --- but what's going on here is simply too much for me to stand.
So, after admitted to having "cheated", that this was the real motivation behind my "OT" post about Berkshire, to kind of wake people up to what's going on here, I will give up. The attraction of politics is too strong. So I will rather continue to harmlessly discuss (and learn by it) Hindu mythology with our Knight, and otherwise will try to shut my mouth.
To answer the rest of your question:
Just think if you like to continue to be an owner of BRK for the next 10 years or not.
Yes, but less so at the moment. I wrote about the very special tax situation I am in, with nearly half of my Berkshire shares being bought before 2009 and therefore in Germany where I still live so-called "Altaktien" which are exempt from capital gains tax. As I am thinking more and more about leaving Germany the current relatively high price of Berkshire is a perfect opportunity to harvest the immense profits from them tax-free, as in any country I might move (apart from Monaco) they would be taxed. Therefore since 1-2 months I am selling those, after the opening today having sold nearly the rest of them --- and thereby reduced my Berkshire holdings from since many years always over 60% of net assets to now around 40%.
Yes, I do intend to hold the ones I have now for the next 10 years and to even eventually buy back the ones I sold --- IF the price comes down and IF I am convinced for me as foreigner the political/jurisdiction situation in the US won't create blocks for me to freely move that investment out of the US again should I wish to do so. But currently I am very satisfied with having heavily reduced my Berkshire holdings. The stock price made it easy.
