No. of Recommendations: 14
I used about half my available cash to buy Berkshire, October 20-something 1987.
My soon-to-be-father-in-law, a stockbroker, seemed to think this was quite rash, and that there were good reasons for the recent general decline in prices, something about the Fed, or taxes, or whatever.
But I had been watching Buffet since I was a kid, and it seemed like a 30% decline (for no apparent reason) might be a buying opportunity.
And what happened to the other half of my cash? A nice honeymoon….Berkshire was around $100K when the marriage ended.
