Subject: Re: Getting complicated

Regarding naked puts, I think hclasvegas is correct, if one assumes it is possible or BRKB to lose 80 or 90 percent of its value, and drop to under $75 per share or something like that, and then not recover quickly.

I think Jim assumes that this is not possible. Considering Berkshire's cash hoard, I agree that there is a floor under Berkshire's share price. Unless the world as we know it ends.