Subject: Re: Barrons Article on BRK
...could mean more limited gains for the stock for the rest of 2024...
Reluctant to sell Calls at today’s price which probably means that’s exactly what action I should take. I’ll probably take the usual course…do nothing. Ha.
Anyone have any thoughts?
Their conclusion seems pretty unremarkable. When valuations are a little above average, the short term returns are likely to be a bit below average. And vice versa.
Doing nothing, as you suggest, is always fine.
The biggest utility of the observation might be for people who were already thinking of selling a bit this year for spending money, meaning that it's probably a slightly better than average moment to do so.
Or people who were planning on adding this year, for whom waiting a wee while might not be a terrible idea. You might not get a better entry later on--the future is uncertain--but it's highly probable.
Jim