A diary of the thought process behind my investment decisions
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.
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.
Chaos! Great sale last night. Unfortunately, I only sold half.
I've bought back half.
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