[MeneMeneTekelUpharsin]

I know that, but that is a lot of Berkshire to be down. The point is, what drove the market up over 900 points yesterday and things should be good and then BRK.A drops that much. Only entities with incredible research teams buy BRK.A. It’s a valid reference point.

[bhl]

I am not a trader, but off the top of my head, it looks like a lot of his holding may have long term problems due to COVID.

He owns a lot of bank and financial stocks — which will see a lot of bankruptcy loan defaults. (Visa is probably ok, but the banks who issued the cards are on the hook for the losses.) Store capital is REIT for shopping centers who aren’t paying rent.

Sirius XM is going to have a lot of competition when Musk’s Starlink goes live. General Motors doesn’t look too healthy. Plus he owns retail and restaurant brands, some may never recover.

Maybe traders are cranky Berkshire didn’t capitalize on the down markets and buy quality when everything was down. He is still sitting on piles of cash. And the value of cash is going to plummet thanks to the printing presses going at warp speed.

https://www.cnbc.com/berkshire-hathaway-portfolio/

[Vigilanteman]

People get exuberant and buy when they think the market is going up. Many of them sell and take profits the next day when they think the up was an overreaction.

Yesterday was an overreaction.