vanguard australia share index vs lics, page-26

Intheblack, I havnt watched the video you posted as yet, but im sure its good value. CHO is an excellent bet on the financials; heavily waited on bank securities.
I think with the way the dollar is placed against the usd, BRK.B is worth the taking. Some have called parity in the next year...I wouldnt know what will happen, but trying to wrestle with a gorilla over a few points does no good over a business as outstanding as Berkshire for the forever investor. I was interested to hear some rumours that there might be a "C" class.... what will this be, 1/30th of the "B" scrip... I dont know if this would work and wouldnt want to see it happen in my opinion.

Gareth, the hardest thing in this business is discipline. When money is freely available and floating carelessly around, it makes anyone do "dumb" things (and as we saw, leverage has been the main kill to individual and company demise). I cannot speak for AIO/BXB as I sold out of AIO and have never held BXB directly, but there was no doubt in my mind the fall with TOL had nothing to do with the operations or business of the organisation. I view TOL in a much better position for the next few decades as it had operated in the past.