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Richard's Remarks

This will be a shortened week with the market closed Thursday, New Year’s Day. The most interesting action so far today has been the sudden upward spurt in gold. I had previously taken a fairly large position in Berkshire Hathaway (the B shares) but with Berkshire Hathaway declining in the face of a strong stock market (poor relative strength), I dumped my position. However I have kept a fairly large position in WRB and other insurance companies that like to expand and compound. I don’t know exactly why gold spurted today, but I’ll accept the sharp advance in price even if I don’t know what caused it.

 

Something strange happened to me yesterday; I had dinner with my daughter Daria and two of her children. When I returned home, I lay down to rest and sleep. I woke up at 6AM and couldn’t decide whether it was six in the evening or six ... Log in or subscribe to continue reading.


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