Subject: Re: “Big Short” bet against BRK
I always liked Charlie's words on shorts. Something to the effect of at best, you'll double your money, and at the worst, you lose it all and then some with unlimited downside risk should securities rise.

I just calculated the results before taxes since 2024 when I started to heavily trade in BRK Puts:

2024: +6% of net assets
2025: +10% of net assets
2026: +8% of net assets (including some profits from selling cash-secured puts and buying them back cheaper)

There was no put where I "lost it all" (LEAPS only).