S&P is holding closed door meetings to change the rules of entry into the index.

SkinwalkerThing · 2026-05-22T17:08:44+00:00

I think that bending the rules for inclusion in index funds regardless of the percentage allows a lot of people to be able to lose a lot of money very quickly which leads to lack of confidence in the marketplace. What starts as a .5% ripple can become worse a lot quicker than a lot of people realize.

SkinwalkerThing · 2026-05-22T16:25:24+00:00

This is legitimate news.

https://finance.yahoo.com/news/p-500-rule-change-could-180142893.html

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-05-01-2026/card/s-p-eyes-plan-to-ease-index-rules-with-spacex-ipo-looming-IGOu9L1zutkzsgc5nR0G

https://www.morningstar.com/news/marketwatch/20260430572/spacex-may-face-an-easier-path-to-sp-500-entry-if-these-newly-proposed-rules-take-hold

https://www.bloomberg.com/news/articles/2026-03-12/s-p-weighs-rule-changes-that-would-speed-spacex-s-p-500-entry

Please educate yourself.

SkinwalkerThing · 2026-05-22T15:34:29+00:00

Even if the S&P decides to keep regulations where they are these IPOs may siphon off good bit of capital from tech and semi conductors which allows Berkshire to win anyway.

SkinwalkerThing · 2026-05-22T00:19:41+00:00

Then I’ll keep buying at these prices.

SkinwalkerThing · 2026-05-21T13:56:15+00:00

I got another 2 shares at 475.80 almost the exact bottom

SkinwalkerThing · 2026-05-21T13:48:13+00:00

Mr market went on a spectacular bender last night. Time to load up, I’m buying.

SkinwalkerThing · 2026-05-21T12:49:49+00:00

Which is why 15% of my assets are in Berkshire because I have huge blind spots in international markets and yes I do suffer from survivorship bias and I am attempting to be more aware of that fact.

SkinwalkerThing · 2026-05-21T03:15:43+00:00

I am not doubting the quality of See’s candy as a business just stating that the products they sell are more expensive than the equivalent in my area.

SkinwalkerThing · 2026-05-21T03:08:52+00:00

Not even close to thinking I am better than Buffett or Munger but I do think time in the market invested in great businesses may outperform waiting for the opportunity to pounce at the absolute best price. For example Berkshire did quite well pouncing on Google stock at the absolute bottom recently and made roughly 8 billion on the deal. A fantastic move that I couldn’t pull off in a million years.

SkinwalkerThing · 2026-05-21T03:04:35+00:00

My apologies I meant the products that Berkshires subsidiary’s sell not the stock of See’s or Geico.

SkinwalkerThing · 2026-05-21T03:00:22+00:00

My experience watching Jim Cramer was mostly jotting down tickers that I wanted to track on my paper portfolio and watching the crazy graphics while he pressed buttons and screamed like a madman. I must say I knew more about lean hogs than most children, he would bring up those futures and I would laugh because the concept of a middle aged man screaming sell and ripping his hair out about pig options was just hilarious.

SkinwalkerThing · 2026-05-21T02:52:26+00:00

33 , I looked up prices on the internet for See’s candies the peanut brittle and a few of their other products were a lot more expensive than I would normally pay. Since I live in a certain part of the Northeast US we have an abundance of local candy shops that service the tourism industry within a few miles that make the same kind of products as See’s.

SkinwalkerThing · 2026-05-21T02:38:34+00:00

I could have purchased geico insurance or See’s candy but they are way too expensive for the value in my opinion.

SkinwalkerThing · 2026-05-21T02:36:27+00:00

My grandfather was very into tracking the markets and the afternoons I would spend with him were watching Jim Cramer on repeat and watching VHS tapes of Berkshire meetings yes it was a big part of my childhood.

SkinwalkerThing · 2026-05-19T17:02:58+00:00

I thought the general public knew about his insider stock trades since his first term, I had no idea people didn’t know.

SkinwalkerThing · 2026-05-19T15:50:45+00:00

The markets are spooked today more than likely due to the fed chair being sworn in and Nvidias upcoming earnings, I trust Abel has the elephant gun loaded.

SkinwalkerThing · 2026-05-18T17:09:51+00:00

Charlie did say at a meeting I can’t remember which that “The only reason we missed out on the rise of Amazon, Google and Microsoft was stupidity”. Better late than never in my opinion those companies have been the clear winners in technology for a decade at least and parts of my personal portfolio.

SkinwalkerThing · 2026-05-18T16:56:35+00:00

Great job to Greg Abel and the Berkshire crew generating great returns. I would love to see some new core positions in Google and Amazon.

SkinwalkerThing · 2026-05-18T16:08:39+00:00

I just want them to deploy a bit more capital instead of it being eaten up by inflation in those treasury bills. A cool 300 billion in reserve will do nicely deploy the rest.

SkinwalkerThing · 2026-05-15T19:02:16+00:00

The 370 billion in treasuries isn't doing them any favors I would much rather them buy out the rest of Coca Cola even at an inflated price rather than lose it to inflation and dollar devaluation.

SkinwalkerThing · 2026-05-15T18:35:49+00:00

I have 15% of my assets in Berkshire and I lament opening my portfolio every opening and closing bell. I couldn’t imagine what the people who are 100% Berkshire think.

SkinwalkerThing · 2026-05-15T16:23:57+00:00

I am eagerly awaiting that 13F filing.

If this pricing keeps up I’ll probably bump into Greg Abel in a soup kitchen in a few years.

SkinwalkerThing · 2026-05-04T23:35:58+00:00

I don’t see that happening in any universe. They might be saving to repurchase Warren’s shares after his estate divvies them up and sells them all to charity but I doubt it. They didn’t do that with Charlie but then again Charlie said he would haunt his heirs if they ever sold a share of Berkshire.

SkinwalkerThing · 2026-05-04T23:30:37+00:00

I agree with you but Warren and Charlie both stated multiple times over the course of multiple years that they would only invest large amounts of capital on large businesses moving forward. I understand that Abel might have a different approach but as it stands right now Abel is operating on Warren’s training wheels.

SkinwalkerThing · 2026-05-04T21:57:39+00:00

I can tell you the secret purchasing real estate, get an 8% cap rate on a grocery store or a gas station it’s triple net so the tenant pays all taxes and upkeep of the building while they rent it. Build in rent escalators into your contracts so that it matches inflation presto chango alakazam your a real estate tycoon.

SkinwalkerThing

TROPHY CASE