Originally Posted by
SailorRob
All I am saying is, this not many times in a lifetime value you make out is just a tad of an overstatement when shares have been on average 10% cheaper very recently
That's a fair statement, value was even better then. But still lots of stuff out there that is mind-blowingly cheap. Remember it's not about stock prices. Value is stock prices in relation to intrinsic value. They can rally hard and still be cheaper.
Generally speaking there is a lot of stuff out there that you will only get a shot at like this a few times.
I assume you are all chips in then with that sort of confidence
Dude, I'm not the Daytrader I can't time the markets, I'm all chips in at least 100% of the time always. But yes with value like was on offer from mid last year I'm much more than 100% chips in, I borrowed to buy a ton more Berkshire at $265 last year as well as a bunch of other stuff. Being leveraged into this market has been rewarding. Even though I've had a huge META position, it's been tough keeping up with the S&P year to date, currently slightly trailing. And yes META is expensive and I'm out.
Anyone holding a single note of native bird picture paper with Big Grant and Orr in control of it's value instead of a range of incredible cash producing businesses that are selling for 15% plus earnings yields and growing at least with inflation... Well damn. That's what makes a market.
My whole portfolio trades well under 10 x earnings... So much to choose from it's hard work keeping the portfolio small.
But hold your bird paper, I'm sure you'll get even better yields in future.