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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: EVBigMacMeal ✸  😊 😞
Number: of 15068 
Subject: Re: Housebuilders
Date: 08/17/2023 4:45 PM
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The risk of typos with that post was alway dangerously high. As I was approaching the end of it, a friend was waiting outside to go for a walk and I said I'll be there in two minutes.

You have reminded me of something crucial. Berkeley Group has very low debt. Extremely important in a cyclical business. The conventional thinking with highly cyclical businesses is that you don't want a lot of debt. And they are hard to make money with because you have to buy at the right price and sell at the right price. But with a good operator like Berkeley Group maybe my approach will be to trade around a core position.

Certainly hard to predict housing in the U.K. or US over the next few years.
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