u/Far-Construction7564

I own this company for one reason: as downside insurance against the rest of my growth oriented portfolio.

Hedge funds buy puts, swaps and insurance all the time. But this is too complicated for lil ol’ me. So I buy Berkshire. Nice boring safe compounder with tons of cash.

I could keep the cash on my books. But, that never works out. I always invest the cash. So I give that cash to Berkshire and if they can do better than 6% per year, I am ahead.

When we hit a recession or worse, then I have this Berkshire to lean on. And, when the shtf, I will sell Berkshire and buy much more of growth portfolio.