u/PuzzleheadedBody7121

Having purchased BRK at various points over the last 12 months, I’ve now sold to reduce my allocation from about 14% of my portfolio to 9%. The BRK share price will no doubt come out of its current slump, but I no longer think it will keep up with the market. I still think it’s a good anchor, though, if there is a major market crash.

I sold at a loss, which psychologically was difficult to do, even more difficult than I thought it would be. I pushed myself to do it, though, as I felt it was a sound financial decision for me. I also did it to try to learn to become a better investor and to avoid being trapped in the sunk cost fallacy, where we try to convince ourselves that it must be worth X because that’s how much we paid for it