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.
4 comments:
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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