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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| BRKB | Property and Casualty Insurance | -25.19% |
|
6 | 20-Nov-08 | Currently Holding |
15-Apr-08
Buy the vultures, not the meat
Holding Rationale for BRKB.
I've held BRK.B since 2003 and have not been disappointed over the long run. I've continuously kept a large position in the stock for two reasons:
(1) it's relatively uncorrelated to the broader market, thus helping risk adjusted returns (alpha, sharpe, std dev)
(2) it's a great way for individual investors to get private equity type exposure in solid, boring businesses that make up a large part of our economy
Over the past 3 months I've loaded up on my position for a different reason. Buffet, with huge war chests and a steady hand at pulling the trigger, is the ultimate vulture of underpriced assets. Under current market conditions there are/will be many opportunities for Berkshire to load up on the public equity side.
Tagged Stocks: BRKB
Posted at 17:27 in Holding Rationales | Permalink | Comments () | Top
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