If Warren Buffet keeps buying blue chip stocks then I would say he just about owns the DJIA with all his holdings. He bought into many stocks at record highs, with Apple being one of the biggest buys at record highs. Invest with the herd and you die by the herd, so I fully expect BRK.A to crash right along with all other indices around the world. The world is going into a major deflationary crash, which even Warren Buffet is powerless to stop. It will not surprise me to eventually see BRK below the $100,000 price level.
That is only the middle of the previous 4th wave of one lesser degree as sometimes they push even lower, like the markets did in the 2009 bottom. Only the rich can play this game as the rich own 80% of the markets. Real Estate prices around the world are crashing already, as the rich can no longer afford to hang on to investment properties where prices are falling faster than leaves of a maple tree in the fall! Top smart money mangers have already sent letters to thier clients warning them. My friends and family members will watch it on the 6’oclock news this fall.
It is the world fertility crash that is going to completley change this world to a deflationary world. Our dying boomer generation are permanent sellers of real estate and they may even have several or more empty homes to get rid off. For those than can wait 3 years or so, they will see a different stock, gold and housing landscape, from anything imaginable today.