“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Markets are comforted by others' actions. Warren is where he is because of his philosophy, which is just the opposite. Yes, its hard to do, but there are good reasons for it.
We had some selling in Nov and Dec; some of it being tax loss selling. Don't think those guys might be too happy about it today.
At our current pace (which we discussed yesterday), annual sales will likely soon be pretty close to our market cap.
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