So you have limit orders in for $145?
I’m one of those people “overexposed” to Berkshire, and while I understand almost anything can happen in a panic as far as stock prices, I don’t plan for trying to time the bottom anymore. I do a little Berkshire trading in my IRA account, but I leave the bulk of my Berkshire holdings alone.
For me, if we find ourselves in another panic I’m much more comfortable having Berkshire making the decisions for me than trying to navigate a panic scenario myself. I might try to buy some in an absolute panic, or I might lock up and be too scared to do anything. I never know.
So a stock price panic doesn’t really bother me, as long as the underlying business of Berkshire holds up. I’m trying to gauge how well each of Berkshire’s businesses will do under a period of long term high inflation , but I’m not really smart enough (or too lazy) to do a good analysis. Has anyone here done a high inflation “stress test” for Berkshire’s businesses?
What happens to the insurance business under LT high inflation? Can they raise prices to keep up?
How does the rail business hold up under high inflation? Can they pass on rate increases? What’s the history of capital intensive rail business under high inflation?
How about Berkshire energy? Will the Federal government limit rate increases for utilities to try to help consumers? (I don’t know how any of that process works)
Manufacturing, service and retailing? How do they hold up?
I realize I’m not doing any deep thinking here and mostly asking possibly stupid questions, but the scenario of a prolonged high inflation environment is new to me.