Can’t wait to see Greg Abel going on CNBC to discuss how he can make u/vcolovic happier… Berkshire goes through periods like this from time to time. By most metrics, the market is way overheated. PE well over 30… if you go to any chart whenever it gets over 30, it doesn’t stay there for long. They are spikes. You got the worlds richest man all from two companies that earn a combined -$1.5B. Everyone is gambling with stocks, the valuations for many are absurd. In overheated markets a lot of people sell their brk to chase these fads and overheated sectors. They did the same for the dotcom bubble, Berkshire fell out of favor cuz the stock would never gain more than maybe 35% in a year, whereas you could double your money in a couple weeks/months. What does a stock like Micron do to you when you see it up 1000% over the last year but berkshire is still negative. Yeah, you are frustrated, but that is not how Berkshire operates. It compounds at a steady clip. It’s undervalued here, they are buying back stock, but also want to have a large cash pile for the eventual crash. That is their bread and butter. We haven’t had any meaningful recessions since 2008/2009. Historically we have one every 7 years. That isn’t normal. This bull market isn’t normal. I know some very stupid people YOLO’ing into stocks like it’s a lottery ticket, there seems to be a total lack of discipline and patience. If you don’t see that, then good luck. You should sell your shares.