No. of Recommendations: 2
“ Not me. I know nothing about homebuilding, but I know enough about AI to know there's virtually zero certainty as to who will end up profiting from it.“ Good morning, if you are looking for certainty at these market valuations, get a dog. :) Greg has been dealt a very difficult hand. Do we want him to continue to hoard cash until we have 450 billion plus in tbills? Who would be the next motivated new buyer of Brk common under that scenario? At market highs where Buffett hasn’t found much value in years Greg found a way to invest in Google with a small discount, he can’t buy anything at last years lows. Greg isn’t running 350 billion in a closed end utility fund. I hope he invests 500 million plus in 1 or 2 of the new IPOs as well, one could be a five bagger or more. Greg has been given a difficult task, deploy record amounts of cash near market highs and in many cases very high valuations. I hope he buys back 4 billion plus brkb in the quarter as well. Greg has to attract new demand for our common , these are positive moves in real time, what would others do? Would 500 billion in tbills motivate new potential buyers of brkb common to act? Good luck to Greg and team Brk they have to play the cards they have been dealt.
