On a wet afternoon in Tennessee this has been an awful good run. I feel froth. This is heating up faster than it should. I don't feel comfortable with the speed we have moved to the upside. The bond market is telling me to look around and stay nimble.
I will be cutting stock exposure this month, before the summer heat. I seldom make prognostications but this one you can put in stone. Dean Parisian is cutting risk going into the summer of 2025.
As always, the golf game needs work, and I will be traveling to our ranch on the Yellowstone River and our beautiful crib in Mexico. It's a grand time of the year to enjoy Montana.
I am surprised at the strength after such a hard pull-back in April. It has been a stellar run off the April 8 low and I feel sorry for the legions of investors who sold their positions at much lower prices a few weeks ago. Today, my biggest position, which is in Berkshire Hathaway, closed at an all-time high.
It has been a grand run and it truly started years ago when my first purchase of PLTR was at $3.875. It has been extremely beneficial to know so many people who have been in this business so long and who share ideas. I am thankful for the friendship!
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Who was it again who said, "sell" in May and go away?
I'm all ears to that. It's too hard to make to give it back.
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