The point of owning stocks instead of bond of a company is because stocks can go up a lot more than anyone’s imagination and have unlimited upsides.

I never want to sell calls. What’s the point to earn 2% extra at the cost of paying capital gain tax and buying it back at higher price? If you are worried, just buy puts.

People here say Brk is overvalued. I disagree. You always have to look at the ***relative valuations. People in china are moving their dollars out and buying US real estate and mega 7 and now perhaps Berkshire (today on reddit someone from Asia asking how to view annual meeting online). Everything else is trading at pretty high valuations, including gold. If you sell, where else you put your money? Europe, Japan imo are one trick pony market— their economy is not as dynamic and robust as USA. Trump is a risk but WEB has a lot of cash.