Trimmed about $1.3M worth of ATYR yesterday as previously discussed. I still have about 50-60k shares left to sell to get down to 700k shares before the trial data is released.
Bought Berkshire as a safe haven that should outperform the market and at least outpace the rate of inflation. The U.S. appears to be getting ready to play chicken with Russia and August could get rocky very quickly.
Regardless, even if the upcoming ATYR trial finale is a bust, I’m not going to get wiped out. I’ll be right back where I was around Thanksgiving with plenty of cushion to maneuver going forward.
To me, this risk-management approach makes more sense than blind S&P 500 diversification. Berkshire is solid with a 1/3 of its portfolio sitting in cash. Much “safer” than an index that’s heavily weighted on the Mag 7.
Just my thinking. I’m not a professional and this is not financial advice.