May. 17 at 5:55 PM
$NAIL $LEN Berkshire added to its Lennar position, adding 3M+ shared of class A in Q1, for a total of 10M+. A great signal if you asked me and further reinforces thesis this recovers to top of its long term band ~ 1 year. Big catalysts would be easing of tariffs on Canadian lumber, rate cuts, mortgage originations (interesting signal I posted earlier), 10/30yr yield easing (Trump has caved Everytime 10y goes over 5).
Trying to get to a 15-20k overall position here. Started buying early at 44 and will keep buying.
If you like it at 30s you'll love it in the 20s
Decay is a real concern until October fed meeting but with historical dissent and new fed chair, if we get a resolution on Iran there's a good chance we get a cut.
NAIL tmk has never reverse split, which I view as a proxy safety net.
"🏘️ Crisis is not solved" , millennials in peak buying years now, so strong tailwind and I have the ability to hold as long as I need to.
