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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: O/t, Bill Ackman this morning
Date: 09/22/2023 12:10 PM
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...they grabbed it as a 'once-in-their-career opportunity,' but today's world is very different from the one they have experienced up until now.

The word "experienced" might be a big part of it. Nobody under age 60 has lived through materially high inflation in the US. Year-on-year headline CPI hasn't been over 6.3% since mid 1982, and you'd probably have to have been at least 19 years old to have noticed inflation numbers. I would imagine the great majority of global asset allocators are under age 60, especially the active ones that set marginal prices.

Jim
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