From another article in Barrons,

" Liquid Versus Private
The case for hedging your bets with alts is strong today. The S&P 500’s Shiller price-to-earnings ratio —a popular valuation measure based on average inflation-adjusted earnings from the previous 10 years—recently hit 40. It has been higher only one other time since 1871; it hit 44 in 1999, right before the dot-com bubble burst.

The question is which kind of alt to buy. “Accredited investors” with either a net worth exceeding $1 million or an annual income above $200,000 can buy traditional hedge funds, but now there are numerous “liquid alt” mutual funds and exchange-traded funds run by reputable firms like AQR and BlackRock, which have smaller minimum investment requirements and no other restrictions to getting in. They are also generally cheaper than hedge funds, which frequently charge 2% of assets plus 20% of profits as an annual fee."

Why not position brkb as a less concentrated, lower risk, high quality, NO stock-based comp, alternative to SPY, by initiating a 1$$ a share quarterly dividend by year end?

Have I mentioned this option before? Will Greg discuss positioning brkb on Friday or is it too soon? ::))