Our philosophy here of head-in-the-sand with respect to valuation may be a dogma we should reconsider.
I am surprised this post was not removed. So there is a tiny bit of room for criticism.
As said before I find Saul’s board a highly interesting social psychology case study. The last weeks they were slaughtered, naturally more and more worried voices appeared, the group leaders coming out with reassuring messages that this happened before and will happen again and with numbers showing that their 2 year results are still 1600%.
Jealous? You bet. Their (especially 2020) results are so outlandish I would lie to say otherwise. And who knows, that they are currently slaughtered might be temporary only. It’s tempting to join in with some money (as long as one has nearly the whole portfolio in Berkshire) — especially if I manage to understand ZEELOTE’S “Christmas Present” (The MI board readers know what I mean: Reducing risk with highly volatile stocks), unfortunately a poisoned gift as it requires an awful lot of work.
It’s really interesting to see all that group dynamics from the outside. Here there is so much talk about our “leader” (no more holidays, please!). Over there is not only a leader, he is surrounded by half a dozen “officers” (Bear, Gaucho etc.). It’s fascinating and a nice read in addition to our board.