This morning it was announced that another company we own is being taken over: Precision Castparts (PCP) is being bought by Berkshire Hathaway (Warren Buffett) in a ~$37 billion deal. Shareholders will be paid $235/share (a 21% premium to Friday’s closing price) in cash when the deal closes in the first quarter of 2016. PCP…
Is a Falling Stock Market Time to Sell or Buy?
The answer is “Yes.” I had a great math teacher in high school. The course was Algebra 3/Trigonometry. After teaching a lesson he would often say: “Is it algebra 3 or trigonometry?… Yes.” Most people will talk about stocks as a whole and ask questions like “should I be buying (or selling) stocks right now?”…
Recent Portfolio Updates
I’ve been a lot more active over the past few weeks as fewer and fewer stocks are participating in the rally to new highs. Small caps in particular have been showing signs of weakness so I’ve been reducing exposure there quite a bit. We’ve had signs all summer that the rally is losing steam. We may…