Might Warren Buffett's just published Annual Letter apply to us?

[Matthew McNeil]

Takeaways from Buffet’s shareholders letter that was just published;

1. “Warren Buffett bemoaned a lack of viable acquisition targets…”   Ditto - harder to find viable deals on SFHs and MFs.

2. “But I will never risk getting caught short of cash.”   Ditto!

And, food for thought...

3. Buy back shares; "With lots of cash and no acquisition targets, Berkshire continued to buy back shares at a healthy clip, helping boost its stock price." Hmm. Respective of REI, could this equate to adding principal paydowns (re-amortization) as part of a modified strategy that might better position us as investors vs buying another property at this time?