No. of Recommendations: 1
"Though I have certainly expressed opinions about valuation levels being high higher than usual, I haven't actually SOLD any shares or deep the money calls lately, except for the one "bonus" trade I entered at the end of October last year."
I thought you sold some shares in pre market on Monday?
Anyway,
I sold about 1/2 of my IRA holdings yesterday and bought 6 month T bills. I also have quite a few covered calls. However, BRK is still a huge position for me and I have not sold any in taxable accounts. Main reason being tax issues and I do not think current valuation is terribly high but it certainly isn't cheap.
Bottom line - I expect 10-20 year returns from here to be better than current short term treasury yields.
