Subject: Re: BRK/B $484/share
I just had a look at my profits from Berkshire puts: Last year 5% of net assets, this year 10% (1% currently paper gains, as I am still holding my Dec/Jan puts).

That is (together with today´s 39 Degrees Celsius outside) why I was misreading "selling puts", as since 12 months the word "puts" for me is linked to buying them.

Unfortunately the fun is mostly over, with the probability of Berkshire going down further now dramatically lower than a few months ago, too low for "betting the bank".