Subject: Re: Strategy - covered calls in retirement
If stock falls quickly and premium gain occurs quickly (like 50% gain in 1 month), consider covering call.

Agree with all that the previous responders have said.

Additionally, if the stock goes UP more than the premium is worth, what will you do?

Let it go and forego (sp) the gains?

Or keep enough cash to buy it back? If the latter, then basically you are earning a very modest interest on that cash, in the form of the call premium. And you have to keep increasing the cash as BRK price goes up.

And what will you do with the premium anyway? Not buy more BRK I am guessing.
Sell stock if you want cash to do something else. No Damocles's sword over your head. BRK internal compounding has so far worked for Gates Foundation even with their mandated 5% selling.