On 12/2/24, Intel announced the ouster of CEO Pat Gelsinger. He was central to my investing thesis, so I dumped all of our shares that morning. He was Intel’s best chance, and America’s best chance, to regain leadership in advanced chip manufacturing. Hopefully somebody else picks up the mantle lest we continue to make ourselves vulnerable to geopolitics by relying on Taiwan to supply advanced chips.
Anyway, on 12/6, I used the cash from the Intel sale to add to our position in Berkshire Hathaway.
Keep on Keepin’ On,
P. Gustav Mueller, author of The Present