Subject: Re: Thoughts on Berkshire withdrawal strategy
that is true in the back tests and you unfortunately never know what will happen in the future

A much better strategy for people selling a portion of BRK for living expenses is to sell slightly more than needed and build a cash buffer when the stock is selling at the higher end (or if you are lucky, more than) of intrinsic value as it had done in the first 4 months of 2025. And sell less or ideally none at all when the stock is very cheap. When the stock trades around 1.5 time books (or sort of a mid point of IV range), one can sell a "normal" amount.