Youngandold,
Agree with your point and oulook.

Problem is, if I sell now, what do I buy? Broad US market is 25x P/E with a long-term unsustainable 18% earnings growth per year. I am not Jim, sure it will fall to 3% when I am dead. But still, I would expect 10% optimistically. 25x is too much for that.

Ex-US looks better, and less concentrated in one sector. But not as shareholder-friendly.

At best I can stash some cash under Uncle Sam's mattress and get 4.5% short term (no one knows, but presumably even less in near future). I hope post-WEB management can achieve at least that much if not 1.5-2x book value growth and maintain an average of 1.4 P/B. Mediocre but safer (ignoring specific stock risk like Abel turning into Sokol or Jack Ma).

Suggestions welcome on what to do with the money after selling Berkshire.

Berkshire Hathaway FAQ

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