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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Patsy Collins who wrote (308)	3/6/2009 12:56:45 PM
From: appro	Read Replies (1) \| Respond to of 313

Patsy, I agree. No one knows how low this will go. Or for how many years. But I believe (I hope?)things will turn around by 2019 and 2028 when Warren's puts written on those four major indices can be exercised. If and when that happens I think the upside will be helped by no longer having the nightmare scenario being priced in as it is somewhat today of 37 billion plus. A few days ago I had read a few good analyses of the recent revelations but did not save the specific links from Google News. But if you look here and read enough: news.google.com there are a couple of in depth articles which reassured me that I would rather have Warren or his successor navigating these treacherous waters for future growth than anyone else - including me. I am personally on the sidelines now except for BRK.A - though I wish I waited longer on that too. As soon as I posted my last message about being down 15% on BRK.A, I remembered my rule to sell any investment when it declines 15%. I broke that rule here and am now way down. On the other hand, I would be down a lot more in anything else I might have been tempted to do with that investment short of doing nothing. I comfort myself by saying I am still way ahead of doing nothing if I widen my time frame beyond the last few years. It may be a defense mechanism, but I have become much more philosophical about my losses being numbers on paper.