Subject: Re: Option strategy on Berkshire
So is that the biggest drawdown it has had?

Here's -48% in 2000:

https://stockcharts.com/freech...

That one was a big test for me. I was new to investing in 1999, heard about this Warren Buffett guy, read some annual letters, liked what I read, and bought some B's at $2330 (split adjusted $76.66). I kept buying B's all the way down, the last ones for that cycle on 2/29/2000 at $1450 (split adjusted $48.33). Still have them all. 11.9% CAGR for those last ones, only 9.3% for the overpriced first ones. There might be a lesson in there somewhere.