Subject: Re: Cnbc interview with Greg at
Greg was asked during the interview about Buffett's large macro bets on the S&P 500. His reply said they'd be willing to do it again if they say similar opportunities. I take that to mean similar pricing and valuation of the S&P 500. But I recall something in stock options changing that meant Berkshire would no longer hold the payment, introducing an unacceptable counterparty risk and so Buffett decided they would no longer do this kind of bet.