Subject: Re: Some things never change
Well, just for the record, I've never not managed to buy back again lower after lightening up. My return from Berkshire over the last 24 years is far more than buy and hold, even without counting any benefit from leverage from calls. So I'm taking money from the table, not leaving it.

Have you lightened up recently on the run-up to $500 per b-share? I'm certainly down on my covered calls.

R: