Quote:
Originally Posted by manaboutown
Well, a significant portion of my equity portfolio is in BRK as back in the mid 1980s I bought a few shares, set it aside and forgot about it figuring Warren could do better with it than I could. I have not been disappointed. Over the years I also bought some stalwart standards and index funds and have held onto them. I see no reason to sell and pay taxes as most are in taxable accounts. What I have done is retain most of the proceeds received from recent real estate sales in cash, T-bills, money market funds and such. I see BRK taking a bit of a hit when Buffett bows out or checks out, so to speak, but I plan on holding onto it all as if I sold my LTCGs would be enormous.
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I don't believe that the 94 year old Buffett is still heavily involved in the decision making process of where to invest. But he did have the wisdom to put together an excellent team to carry on implementing his successful investment strategy.