Subject: Re: The Berkshire Problem
Berkshire..... What is so great about this index?
A) That I trust it more than others like the S&P, sleep better at night with the majority of my money in that one. Which partly is a function of B:
B) It's extremely consistent and because of that predictable. See the narrow and highly consistent Price/BV range
C) Because of B it allows relatively risk-free additional return/entertainment by buying calls when it's low in that range, selling covered calls when it's high.
D) Once a listening to 2 amazing people.
None of this advantages I see with other indexes. While advantage D won't last forever Ihhope the other 3 may outlast me.