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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (9649)	5/4/2020 1:36:29 PM
From: Sun Tzu	Respond to of 26469

Yes. He said that BRK always keeps cash on hand and given their size and the risks in the market, that is not too much cash. He also mildly derided the companies who had not kept much cash on hand for being less than prudent. To make this point clear - someone asked him why he should invest in BRK given that it has underperformed SPX. And his answer was essentially that SPX will continue to outperform BRK, but BRK is a safer investment. So if want to be able to sleep at night, BRK is the way to go. If you have time on your side, then go with SPY. In fact he emphasized that he's put it in his will that what is to be invested of what he leaves behind his trusts is to go into SP500 index.

To: Sultan who wrote (9649)	5/4/2020 1:44:24 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26469

I did the calculation yesterday on my FB group.... don't have time to search and make a link... facebook.com from memory... $134B cash for $430B market cap is 31% cash. Given his huge under performance, his stocks probably lost a lot more than his 20% decline this year. Thus it would be far safer to buy 70% in S&P 500 and 30% in FDIC money funds.... Unless you disagree with Buffett that his stocks are worth putting cash into at these levels.