You can’t have a show or blog about the market and not include Berkshire Hathaway and Warren Buffett.
Hard to even try to spoof the guy. He is almost untouchable and deserves our respect.
That said, the stock does not interest me at all-time highs, although I should own it. There has never been a horrible time to buy the stock if you have a long investment horizon.
Here is my thing about the stock. If Warren is looking to buy industries and businesses on the cheap, why should I pay up for his stock. If I had to buy the stock, I would buy it when there was blood on the streets.
Here is a link to all his shareholder letters, a must read for anyone serious about investing whether you drink the kool-aid or not.