Subject: Re: Please take the OT posts elsewhere
Maybe on topic for you, but I would submit it’s not on topic for Charlie or Warren. They clearly counseled against it for the dumb average know-nothing investor like me. If you wish to do put options on BRK, be my guest, but I suggest it might be a bit of modest speculation.
Whether Charlie or Warren would counsel against the use of Berkshire options has nothing to do with whether that is On topic or Off topic for a Berkshire board.
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You once implied LTBH is boring, but I submit it is not, because those of us who have held a large position in BRK and added to it in a very big way over the last 30 years have generated substantial net worth by this “boring” approach. That IS NOT BORING AT ALL. In fact, it’s quite exciting!
A) Whether something is boring or not has nothing to do with whether it's Off topic or On topic.
B) What's boring or not again is a view, a completely subjective personal opinion. Those personal opinions, actually the disliking/aversion of discussions about options etc. (even when it's only about Berkshire options) bring you to wish it to disappear from here to other boards. Others might think differently. The only halfway objective tool to find out, polls, unfortunately do not exist here. There was a poll about this issue on the old forum, with four options: "1 Berkshire only", "2 Berkshire plus investing in general" - - - and two even broader options. If I remember correctly a big part of the community did not want the discussions to be limited to "1" (which would equal what you mentioned in your first post of this thread, to only posts containing words like "Buffett" or "Berkshire"), but wanted to see also broader investment themes discussed. Only the very broad options 3+4 did get practically no support.
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I ask you honestly — are you investing a significant part of your net worth in options or are you just nipping around the edges a bit for some pocket money. If it’s just nipping around the edges then the discussion on the board advocating option trading is taking on a bit more disproportionate emphasis compared to those who commit heavily to this stock over the long term.
My BRK puts currently represent 6-7% of net assets.