Berkshire will forever remain a financial fortress. In managing, I will make expensive mistakes of commission and will also miss many opportunities, some of which should have been obvious to me. At times, our stock will tumble as investors flee from equities. But I will never risk getting caught short of cash."
Don't poke me for parroting!
Uncle8888 will NOT risk getting caught short of cash like in 2009 again!
Gain Elimination Plan Causes Three Promoters To Gain Convictions
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Two tax attorneys and a life insurance agent have been convicted by a jury
of conspiring to commit tax fraud through a fraudulent scheme they called
the Ga...
1 hour ago
And yet many investors laugh at the old 60:40 risky-vs-safe asset allocation recommended by old uncle investors in the 1970s and 1980s. :)
ReplyDeleteThe only thing is whether Buffett's successors will think & invest like him after he is gone?