Let's put this in perspective.
Today's headlines. Variations of same everywhere. Jim Cramer says to "circle the wagons. Raise cash."
For those whose entire investment portfolio is in BRK-B.
Year-to-date, your portfolio has increased 13.32%; on an annual basis, about 25%.
Today, due to a downgrade, "stocks plunged" and your portfolio gave back 0.3%. Not 30%. Not 3%. But 0.3%.
For every $1,000.00 you had on January 1, 2023, you had about $1,130.00 yesterday. Today, due to the huge selloff, you have about $1129.661.
Okay.
BRK-B, by the way is up 0.06% after-hours tonight.
Let's see. $1,130.00 - $1,129.661 = 34 cents loss on every $1,000 since today's sell-off.
If you had a million dollars in BRK-B, I guess you lost $340 today.
After gaining $133,200 through yesterday, year-to-date.
Disclaimer: I often make simple arithmetic errors. My numbers could be off any number of decimal points. If this is important to you, find a high school senior math whiz to do the calculations.
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Movie Night
Movie Night
Highly recommended: Good Omens. Amazon Prime Video.
Amazon in association with BBCS.
Producer, Irish film producer Sarah-Kate Fenelon.
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