Subject: Re: Check Capital Management BRK Options Stragegies
But I didn't understand and less marketable to muppets

I meant if Check Capital had compared their covered call strategy against a strategy of holding bonds and selling BRK puts (equivalent risk) then their alpha would be negligible. They couldn't pursuade people to hand over their money to invest.

Muppets is an affectionate term that Wall Street traders (Goldman Sachs, notably) employ for rich idiots who shovel money at them thinking the traders know something the investors don't.