Sold Berkshire Puts

Last night I sold half of my Berkshire Hathaway position. I sold the February 72 Puts naked to make up for the shares I sold.

4 comments:

caveman said...

I would be careful on selling puts on BRK. Fundamentally, you should be more than fine. The risk is that the big man chokes on a cheeseburger and shares implode.

Chaos! said...

Berkshire trades near its lowest valuation relative to book in decades. It has a very strong balance sheet , which is a rarity in today's credit challenged world.
It owns a collection of extraordinary businesses run by extraordinary managers.
I think the "event risk" of Warren's demise is overstated at current valuation. Were such an event to happen, any selling would be seen as opportunity to invest in a real jewel of capitalism - one of very few left.

Tsachy Mishal said...

Chaos! Great sale last night. Unfortunately, I only sold half.

Chaos! said...

I've bought back half.