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I thought there were better bearish bets one could make: I used the proceeds to buy disaster puts against something that I thought might fall more in the next round of poop hitting the fan, a small cap fund. Aside from value, they tend to get hammered hard in big sell-offs.
Thanks for the idea. Do you have small cap funds you prefer for "disaster puts"?
My thinking with BRK at this price is there are at least two ways to get a decent drop in relatively short order (a significant market pullback; BRK return to normal price prices), but the small cap route is probably more effective as insurance against market decline, particularly given BRK's large cash holdings at present.
