RE:RE:Birkshire continues to bailNicely stated, W2B.
Now considering your grim view on what lies ahead for the banks, why underwieght and not simply out? Or even invest in HFD?
And why ENB when it has one of the highest levels of debt? I'm just curious as I don't like either of the large 2 pipes.
Any preference between T & BCE, in Telcos?
And finally, if you like gold you got to like real estate. No?
RE is where the QE money usually eventually settle.
when2buy wrote:
I'm underweight Financials, no Reits, select "Moat-type" Utilities (Telco, ENB types), some Aristocrat divi's, overweight Gold / Gold Stocks, A-Credit Corp Bonds, underweight Oil.
.. Buffet believed a structural change to the industry could not be invested through .. In my view, there are a number of industries that fall into this camp as of now (Hospitality, Leisure, Consumer Discretionary, Retail/Office/Industrial Realestate, etc)