20ppy

Not a time to sell for me, I will let the exponential power to work for me in the long run, rather than trying to do that job myself. I did purchase more ORH today as a way to add to my FFH holdings, hopefully.

This guy did some research and comes up with a probability of some future events in the markets and I don't think this much is flawed. However his data, perspective and the way he does it, would in reality simply imply a probability of accuracy. The second probability is not always zero.

Prem must have good reasons to have mentioned this period: 1975 - 1996. Warren once wrote an article about the 17 flat years in the stock market from 1965 - 1982. Anyway, here are some data for thought: 1975 - 1982: CPI: 9 6 6 7 11 13 10 6 1975 - 1982: stock market went flat (continued since 1965) while GDP from 1.6 to 3.5 (trillion). 1965 GDP 0.7. 1983 - 1996: CPI: 3 4 3 2 4 4 5 5 4 3 3 3 3 3 1983 - 1996: stock market went from 1000 to 6000 while GDP from 3.5 to 7.8.

Thanks for all the good replies to the questions that were not entirely clear. But the idea was to understand who actually do B to A as a service or something like that. I think I get the general picture. Berkshire is probably the only one that might do B to A conversion if and when needs arise.

Converting from A shares to B shares is quite straightforward, but my question is how about B to A? I understand brokerages don't do that by design. So who can and does the conversion from B to A? If nobody ever does it, how can B shares maintain it's prices relative to 1/30th of A's?