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The risk of balance sheet recession is real and their lack of serious action to date is puzzling given the rapid deceleration in economy. Not sure what they are waiting on.... They have acknowledge the issue and the remedy at the highest level.... Folks point out the high level of local government debt. Central government debt isnt too bad and its all denominated in their own currency with low inflation and $6T foreign currency reserve (mostly dollar), they have both the fiscal space (to print and spend) and monetary space (low inflation) to stimulate the economy. The issue is timing....analysts have been screening immediate action needed but so far crickets.....other than small interest rate reduction earlier last week.

His voice is absolutely stunning. Wow. Thank you for sharing.

50% BRK 30% Privately Held 12% BABA 3% iBonds 3% S&P500 1% SAVE (formerly ATCO) 1% Cash "Private" is the S-corp I work for. No debt, 9% FCF, essentially all of which is paid out as a divi, growing since I started 22 years ago at 10% CAGR. Market downturns bring me joy -- BRK's brains and cash do all the work. I'd love to find a smaller company that give me the same joy. I'm not interested in buying any individual stock that BRK could conceivably buy... rather just put that money into BRK and let them figure it out. I should roll SAVE into BRK. I'm open to a BABA alternative. Ideally something with good FCF, that BRK would never buy, that will profit if US grows dumber than the rest of the world over the next 20 years.