Subject: Re: Please take the OT posts elsewhere
Well, I'm certainly not trying to censor anyone on here...that's hyperbole and a bit of a reach. I was just politely suggesting some balance and that we bring back just a lil'bit more focus on BRK, the stock. It was starting to veer off for a while in other directions, and that's fine. Admittedly, I came in the room, threw a grenade and broke some glass, so I guess its effect had a mixed reaction. But, I have noticed a wonderful readjustment these last several days and have enjoyed reading many of the more recent posts. That being said, I probably confounded the issues and conflated option strategies, especially with regards to BRK, with other off topic things, so I stand corrected.

Not to entirely excuse my point of view, but maybe I'm just a bit jaded and sensitive. I'm now 70. I responded defensively because of a few unfortunate option trades and a speculative foray into precious metals that I made during my early twenties. I got stung and vowed never to go down that road ever again. In fact, I have pretty much forgotten all of the mechanics, so much so that I even have trouble following the extended discussion here on trading BRK options on this board. My eyes glaze over when I read a long narrative full of numbers, percentages, and all the various considerations and multiplicity of decisions that go into when to hold, fold, or roll -- it's also been a long time too since I opened a college textbook on differential calculus or having to work with coefficients and integers, so it's easy to get lost when the mathematicians come out to showcase their brilliant analysis. When trading options, it requires a steep learning curve and is not for the faint of heart. I think those who are novices probably need to read a book or two, take some classes, or do some paper trading, because it can be complicated and very error prone, unless you have been doing it for a very long time. I find it challenging to follow the guided discussion on here sometimes, because it may be assumed everyone knows what you're talking about. While I fully agree with Newfydog that there are a plethora of intelligent folks on here with amazing backgrounds in their own distinctive disciplines, it's probably also reasonable to assume that many of us may not come close to following much of their erudite discussion.

Being able to strip a complex subject down to its bare essentials so that it can be easily understandable for the lowest common denominator on here is sometimes very challenging, but a unique and welcomed gift. I'll never forget one scene in my life many years ago, when I was at the Embassy in Paris. The Ambassador, a Reagan protégé, just got done dressing down several of the State Department FSOs during a routine daily brief. It went something along the lines of, "Instead of me reading pages and pages of your flowery language, why not get to the point?" He pointed towards us and said "Can't you put something together in one page, like these fellas over here in the Defense Attaché Office?" Well, I learned early on in my career that if you can't quickly adopt a military briefing style and say what you need to say in 5-10 minutes with 3 main points, then that General had every right to kick you out of his office. 🤦🏻‍♂️ 😫 So where am I going with this? I just want to thank you all in advance for doing your best in making this board's discussions as succinct and understandable for all. 😉

I've reconsidered my harsh criticism. On second thought, I think it's very instructive to read about BRK option strategies from a behavioral finance point of view. Although it may be difficult for novices and know-nothing investors like me to fully assimilate such discussion, it does nevertheless intuitively illustrate the contrast between those who embrace "inaction" or "lethargy bordering on sloth...as the cornerstone of investment strategy," and those with a short term orientation who feel compelled to scratch an itch, and find it more exciting to trade.

I'll put this to bed now...nuff said on this thread that I started, unless someone wants the last word. I just realized my 3 main points turned into 4! My regrets! 😂 Carry on!