Subject: Life planning & the Market/Berkshire
Engr's and Mark's reply to my post about "Calls... rarely executed" reminded me that while I had quite positive results with BRK and NVDA puts this year (up to now!) I am an amateur in investing, with those positive results quite likely are just luck. Therefore I would like to ask those and other knowledgeable people a question: If you'd

a) think your net assets cover your lifestyle for your remaining life time

b) find that the last 10 years those assets increased as steep as never before (doubled; thanks to Berkshire) and think the current height of the stock market is unsustainable, see an ever increasing likelihood of a really big crash (not just 20%, but 30%, 40% ... - and because of that already have a higher % cash than ever before)

c) remember that you once before (2006) thought "I have enough", but that then exactly that did happen to your assets: Not only went it downhill and in 2008 your assets were halved, but you had to wait a full 10 years for them to recover: https://drive.google.com/file/...

What would you do if you don't want to see that repeated (but also don't want to say goodbye to Berkshire and the stock market)?

(Currently I have A LOT of BRK/B puts. Not intended to be insurance (rather in hope to opportunistically profit from the currently high Price/BV ratio), but having so much IS insurance against a big crash of the market and Berkshire. But next year that insurance will be gone. So while this year with all those puts plus the cash actually nothing better than a crash could happen to me, next year I will be "naked" = no more insurance, who knows market maybe even higher, with - subjectively seen - the risk of a really big fall too.)