No. of Recommendations: 1
I respect his work so I'll share it. For me, brkb is 20 percent above what Buffett would pay so I agree it's a not a buy.
" Summary
I often use STEW as a large core holding in retirement accounts. I may occasionally add or trim a few shares based on changes in the discount. But I will likely hold STEW as a core position if the discount remains above 15%.
STEW is a solid fund that lets you sleep well at night. It has more of a large cap value orientation with very limited exposure to the "Magnificent Seven" stocks or other high-tech fliers.
At the current time, I would consider STEW a strong Hold. But I would consider adding shares if/when the discount gets back above 20%.
Overall, STEW's expense ratio is a bit on the high side, but its high discount to NAV, solid portfolio and access to low-cost fixed leverage below 3% more than compensates for the management fee costs."
https://seekingalpha.com/article/4782786-stew-a-ch... 