Subject: Re: The good old days ...
Current rally is driven by many small cap value stocks— usually they are heavily shorted , leveraged, have low P/B but high or negative P/E.
Imo, if you want to buy puts, better buy theses.. ie put on Russell 2000 or SP 600

That misses the bigger picture of what's going on here. Have a look at the glorious 7 during the time Berkshire is rising, especially at the 2 most "glorious", META and Nvidia, and try to see the connection between those 2 developments.