Update

 

 
 
 
Fictional Letter to Customers?  
You be the judge..... 
 
 
 
Greetings!
Update and thoughts:

Hope you are having a wonderful summer. You may have noticed some sells in your account and some buys.  
We may have some pretty good gains comparatively and some great ones.
That said, inflation will not be solved and tariff impacts really haven’t been felt yet, as I have been saying, and in my opinion.
Political tensions are high both here and abroad. Stock valuations, in my opinion, are super stretched in some areas and the gains are being concentrated more and more in a few stocks and a few stocks only.
Making matters worse, even some of the leading household names are eroding like Apple, Amazon and others.
That said and as always, I tend to agree with Warren Buffett’s two rules of investing.
Rule 1: Don’t lose money
Rule 2; Don’t forget rule 1
And I firmly also agree with the famous quip by hedge fund manager, Paul Tudor Jones II:
“It’s not about how much money you make, but how much you don’t lose.”
Operating with this in mind, there are times where that strategy may not track the gains of the more reckless who don’t live by such. So be it.
It is better to be safer than not in my opinion.
I hold the belief that the market will give us a pullback, sooner if not later, and with possible gains made, and Treasury Bills paying 4.3% APR on a 3-month T bill, I will be selling stocks and adding T bills and similar funds that hold them.
Not all at once mind you, but if things fall, I will sell in pieces as things go down (IF as a caveat).
Keep in mind the steepest of rallies can come in prolonged bear (down) markets, so don’t be fooled when they occur and if they occur. I hold the opinion that the medium-term correction is coming. Some analysts think as I do so I am reading.
Or they may be reading me. J
Hey, it’s happened before!
In conclusion, fall is also the time of routs with September historically being the worst month.
This is not to make you worry. On the contrary, it should alleviate it.
We will see.
Feel free to reach back.
Thanks for listening and watching they markets so you don’t have to as always!
Sincerely,
Marc
 
 
 
Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
Published Sat, Aug 2 20258:25 AM EDT
Updated Sat, Aug 2 20258:52 AM EDT
 

 

 

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