I sold 2000 shares of the Boulder Income Fund (BIF) closing our position and bought 100 shares of Berkshire Hathaway (BRK/B) instead. Berkshire is BIF's largest holding and seems to recently be outperforming BIF. Additionally, it doesn't pay dividends and so is more tax effective. Berkshire has a relatively low valuation by several metrics compared to the US stock market in general. I think the company could become much more valuable after Buffett steps down as CEO as I expect the future managers will break it up. The position is quite small (less than 1%) as our whole target US stock allocation is only 5% of net worth.
I have held Berkshire in the past, a long time ago.
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