So over the last 45 years that I’ve owned Berk I - of course - did try long ago to persuade others to buy the stock. I felt like I had the Holy Grail and it needed to be shared!
That’s long gone. As far as Nestle, Berkshire, and other firms coming under some narrative or jurisdictional risk that blows up the stock price (most common) or the business (far less common) over some short or even medium term period (meaning years)? Oh yes-yes-yes…it can happen! And double-yes it can happen to Berkshire.
I have friends my age and 10-20 years younger that have 33% or more of their net worth in Berkshire. I don’t like them having it that way, I don’t think it is rational.
There’s one Warren Buffett and there’s one Charlie Munger. Markel, a stock I’ve owned since the late 1980’s when it came public? Not even the slightest bit close!
Just my 2 cents. A lot of sure things that people assume today, Alphabet for instance, are things I’m not as sure about. I’ve been reading Richard Bernstein’s views on inflation and energy for years now and I did put all my cash in those areas in the last 1 to 20 months. But it ain’t much there, I’m as exposed as anyone to downturns.
But the downturn we are seeing and forecast now so strongly? Well it was coming and I already processed it coming 2,3,4,5,6,7 years ago. These periods are always coming people, no matter how euphoric you get. The Saul’s board? History began for them in 2014 through 2017…they know nothing else because their cult leader won’t let them speak a word of it.
Life is great…if you can stand it. But Berkshire, the stock…not the business, could decline 50% from here on some jurisdictional scare. Wouldn’t surprise me one bit.