Profiting From Investment Regret
Embracing your least-successful assets can lead to smarter decisions.
Have you ever invested via time travel? Calculated how much money you would possess had you known the financial future? I confess to such a daydream. It is February 1975, my parents inquire what I wish for my birthday, and I respond, “As much Berkshire Hathaway (BRK.A) (BRK.B) stock as you can buy for $1,000, please.” (That would have been $985 more than the actual value of my birthday present, but never mind that detail.)
That transaction would have netted 25 shares. With Berkshire Hathaway shares now trading at $300,000, that 14th birthday gift would be worth a cool $7.5 million. Thanks, parents!
John Rekenthaler has a position in the following securities mentioned above: BRK.B. Find out about Morningstar’s editorial policies.