This new position, valued at a rather agreeable $37.32 million, suggests a growing realization that excitement is vastly overrated. The fund, it seems, is attempting to cultivate a portfolio that doesn’t require a constant supply of sedatives. A laudable ambition, though one rarely encountered on Wall Street.
They sold 217,684 shares, apparently, for around $3.6 million. Which, in the grand scheme of things, isn’t a fortune. It’s roughly the cost of a small island, or a very large number of biscuits. The fund’s overall stake is now 8.65% – still a significant chunk, so let’s not panic. Not yet, anyway.
Here’s why a man might put his money on Berkshire, even with the whole world looking a little shaky.
Flaherty Asset Management, a name once synonymous with patient accumulation, disclosed a shedding of 524,260 shares of the aforementioned fund in the waning days of 2025. A sale amounting to some $13.6 million, calculated with the precision of a cartographer charting a vanishing coastline. It wasn’t a dramatic exodus, not a fire sale born of desperation, but a measured retreat, a paring back of exposure to a sector that, like a beloved but aging bull, had perhaps run its course. The firm’s overall stake, once a proud pillar of its holdings, diminished, its value falling by $14.8 million – a sum that felt less like a loss and more like a necessary pruning, a clearing of space for new growth.
The augurs whisper of decline, while the hopeful still envision a future of gains. To foresee Nike’s state in three years hence is to attempt a cartography of shadows, a tracing of probabilities within a perpetually shifting maze.
Three companies, you see, are not merely participating in this AI frenzy; they are building the very infrastructure upon which it rests. They aren’t peddling dreams; they’re selling shovels – and exceptionally well-made shovels, at that. I speak of Nvidia (NVDA 4.43%), Taiwan Semiconductor Manufacturing (TSM 0.59%), and Broadcom (AVGO 0.67%). A modest $3,000 invested amongst them, I assure you, is far more sensible than chasing the latest unicorn.
The weighted average purchase price, as meticulously recorded on the aforementioned Form 4, was $113.92. The market closed on February 27th at $113.79. A discrepancy of twenty-three cents, a sum that, while insignificant in the grand scheme, nonetheless demands acknowledgment. It is a small imperfection in a system obsessed with precision, a reminder that even the most carefully constructed frameworks are subject to the whims of an indifferent universe.
The question, esteemed investor, is not merely which stock to buy, but which narrative to embrace. One is a frantic dash towards the future, the other a remarkably stable, if somewhat predictable, present.
Sirius XM (SIRI +2.07%), a company once hailed as a disruptor, now finds itself diminished, its trajectory a cautionary tale. The question is not whether it can deliver a life-altering return, but whether it can even arrest its own erosion. We must document, with a dispassionate eye, the forces at play.
Polymarket, that den of prediction-market vultures, is giving Bitcoin a 10% chance of hitting $150,000 by year’s end. Ten. Percent. That’s less than the odds of me finding a sober accountant in Vegas. And that, my friends, is a warning shot across the bow of this entire crypto delusion. A cold, hard slap of reality.