Subject: Re: barrons on the bank stock sales by BUffett etc,
Do they have a suggestion for where BRK should put $300 billion, right now? Now that would be something meaningful.
In the vein of trying such a suggestion:
How about this: write an absolute boatload of one-month-out put options against Berkshire at an attractive buyback price. Very high odds they would have a low return, and would expire worthless, so just repeat. It would add to the T-bill return while not really committing that capital to that strategy for very long if/when another whale opportunity comes along. Most opportunities that are big enough for Berkshire to do at all last more than a coupla weeks.
It would be interesting to see how many contracts Berkshire could sell before "the market" stops bidding. Since writing the puts is bullish, the counterparties are implicitly bearish, meaning that to offset their risk they would perhaps buy stock in a quantity proportional to the delta. So selling enough low strike puts might actually cause the stock price to rise a bit. Probably not enough to really matter, nor for very long.
Jim