No. of Recommendations: 2
“ Not a very uplifting piece.“ Hi partner, while I’m headed out too dinner in fabulous Las Vegas, can you do us a favor? How much net selling of our securities has Buffett done in the past five years? How much cash have those sales realized? How much appreciation have we missed out on as a result of those sales? Before you people start a gofundme for us poor brkb partners who have to much cash , how did we get to 370 billion in cash, assuming we were a net seller in Q-4? It is size or very poor capital allocation the past 5-10 years? I want Greg to say “ at the new Brk we trust but verify. Every material investment will be reviewed by a forensic accountant going forward. I believe Brk has been a buyer the past two months, we shall see. It’s too soon for Brk to declare a dividend, Buffett is way too stubborn for that and no doubt he’s still calling the shots. Thanks for the data AdrianC. Us old timers love and respect old friends like the Brooklyn investor, rw, etc, but they are wrong on several of these current issues. Hopefully Greg will prove me wrong and shock us all.
