Jim,

Buffett hasn't bought back a share in 18 months, right? Buffett had no interest in brkb at 420ish correct? I figure Buffett has an even better understanding of brks IV than you or me. I thought that if brkb rallied 25 % above what he would pay for it with brks abundance of cash that BUFFETT would expedite his gifting so that the foundations could sell 10 billion into 520ish brkb, HENCE I sold those calls looking for easy money to pay a few years rent on my unfurnished Clayton double wide.

Here we are, brkb 506 with decisions to make as time decays the value of those calls daily, I HOPE!

As always, I appreciate you sharing the brilliance of your analysis, what flaw's do you see in my original thinking? I thought Buffett had a substantive reason to believe cash was better than brkb at 420, hence I sold those calls. Buffett was off by a bit with respect to what players would pay for brkb one year out, ok, Buffett was off by like a lot.

Appreciate your thoughts old bud.