Super Retail’s future and Buffet’s Berkshire Hathaway

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Question: We invested in Super Retail (SUL) in November and have so far lost over 10%. I’m not sure whether to cut our losses and get out or persist with them, as again the Switzer program was pretty positive around that time and they had done pretty well previously. Maybe I got in too late?

Answer (By Paul Rickard): I think you may have got in a little late – and as I don’t know your objectives, I am not sure what you are looking for. There is no news to say that anything in the business for Super Retail has changed – so if you are a long-term investor, then it may pay to be patient. If you are trading – well, it may be a different story.

Question 2: Looking at stocks on the ASX, I noticed two stocks that look like they are associated with Berkshire - ETSBRK and RBSBRK. Could you please give me some information about them? Are they ETFs following Berkshire Hathaway in the USA?

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