No. of Recommendations: 4
Good morning bud, I'm shocked, shocked, that you didn't compare brkb vs spy over that time period.
Look bud, I told you I just couldn't sell 25-year-old brk in taxable accounts at 525 plus, so I did the second-best thing. I sold calls close to the money to see IF,IF, Greg was really going to be in control. I have my answer you can think what you wish. Now I have to pay tax on the call premiums IF they expire worthless which beats paying the tax on the common.
So I did in this very thread: since announcing his retirement, Berkshire is down about 8%, SPY up about 37%. A 45% delta. But it’s irrelevant to the question:
Why do you think he handled it [the transition] poorly?
The Oracle of Omaha, the Greatest Investor of All Time, the GOAT, he announces he’s stepping down and the stock is only down 8% from an overvalued all time high?
How many here thought we’d get a great buying opportunity when he stepped down?
Mr Buffett himself said that a while back.
Regarding your cap gains problem, is your tax situation such that cap gains are taxed at higher rates than dividends? For most of us it tends to be the other way around, one reason why many Berkshire shareholders don’t want a dividend.
