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Berkshire is down 25% from its March 31 high
Old 06-20-2022, 06:57 PM   #1
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Berkshire is down 25% from its March 31 high

Nobody is riding high right now.
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Old 06-20-2022, 07:06 PM   #2
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Nobody is riding high right now.
A revelation?
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Old 06-20-2022, 07:36 PM   #3
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Tell me about it.

All of my stocks took a drubbing last week.

Still, my oil and gas guys are the only shining spots when you look at YTD performance. XOM +40.74% YTD, OXY 92.07%, TNK 64.77%, etc...

And that's after last week drop of as much as -14% on the above stocks. Yes, profit takers bailing out. Fine with me. I am not selling. If it were not for energy stocks, I would be deeper in the red.

PS. Yes, I do have a position in BRK. A bit less than 2% of portfolio or so.
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Old 06-20-2022, 08:23 PM   #4
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Originally Posted by freedom2022 View Post
Nobody is riding high right now.
Some stocks are up for the year - and not just O&G.
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Old 06-20-2022, 08:26 PM   #5
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Some stocks are up for the year - and not just O&G.
Disney is not one of them!
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Old 06-20-2022, 08:37 PM   #6
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Some stocks are up for the year - and not just O&G.
Like 4 or 5 more outside of O&G?


PS. Maybe I should wait for O&G to also turn red. That would be a sign of capitulation for us to deploy our cash. No?
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Old 06-20-2022, 08:39 PM   #7
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Disney is not one of them!
I wonder why?

1st daughter and her "brood" are dumping a fortune there as we speak. She wondered if next year we could have a family reunion there. I politely declined.
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Old 06-20-2022, 08:46 PM   #8
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I wonder why?

1st daughter and her "brood" are dumping a fortune there as we speak. She wondered if next year we could have a family reunion there. I politely declined.
Florida politics - got cross with the Gov. Plus, lots of bad press, pending recession blues, on and on. The stock is down 40% YTD.
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Old 06-20-2022, 09:03 PM   #9
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Nobody is riding high right now.
Time to pick up a round lot (100) BRK/A?
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Old 06-20-2022, 09:23 PM   #10
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Disney is not one of them!
Tell me about it... I just had DIS assigned to me.
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Old 06-20-2022, 09:59 PM   #11
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So many stocks on sale, so little money... Heh heh heh...

PS. Just logged into my brokerage and looked at the cash balance of our accounts. There were many puts assigned on Friday, but I got too weary to add them up.

The screen said "Pending Activity" totaled -$109,725 for my and my wife's accounts.

I really need to lay off selling put options now. I really mean it this time.
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Old 06-20-2022, 10:08 PM   #12
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So many stocks on sale, so little money... Heh heh heh...

PS. Just logged into my brokerage and looked at the cash balance of our accounts. There were many puts assigned on Friday, but I got too weary to add them up.

The screen said "Pending Activity" totaled -$109,725 for my and my wife's accounts.

I really need to lay off selling put options now. I really mean it this time.
Be certain to check back with your 12-step sponsor next week!
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Old 06-20-2022, 10:19 PM   #13
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Be certain to check back with your 12-step sponsor next week!
Only selling call options from now on.

The market is going to move up, and my strategy has always been "sell calls when market up / sell puts when market down".

It's only going up from here, you'll see.


PS. I counted 43 call contracts expiring worthless. The money I made from them calls pales besides the puts that lost me money. Consolation prize.
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Old 06-20-2022, 10:43 PM   #14
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I forgot something.

In case people do not know, the -$109,725 is not the money I lost. It's the value of all the stocks that my assigned put options had me buy.

And because the market price has dropped below the strike prices, I lost money, but it's not $109K. I paid $109K for stocks that may be worth only $95K.

The loss is reduced by the option premium. I am too lazy to add it all up. It is what it is.
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Old 06-20-2022, 11:09 PM   #15
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It's only going up from here, you'll see.
I'll believe it if you will.
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Old 06-21-2022, 08:15 AM   #16
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BRK is a funny stock in that people get down on it during good times because it's not generally shooting up sharply, like these last ten years. I've read many "Has Buffet lost his touch?" articles. I like that. Because to me that indicates it may be undervalued. When the stuff hits the fan (might that happen someday?) Buffet is going to go on a buying spree. And if there's anyone I trust on a buying spree during hard times, it's him. Time will tell.
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Old 06-21-2022, 11:22 AM   #17
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Without Warren, is BRK still good investment in the future?
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Old 06-21-2022, 03:31 PM   #18
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BRK is over 42% Apple Stock. https://www.suredividend.com/warren-...t-stocks-aapl/
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Old 06-21-2022, 04:16 PM   #19
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Get something safe like ARC? ()
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Old 06-21-2022, 04:21 PM   #20
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Without Warren, is BRK still good investment in the future?
Well there's still Charlie Munger - He's only 98.
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