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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: jetjockey787   😊 😞
Number: of 21944 
Subject: Re: I’m Trimming - Filed @472
Date: 09/01/24 8:03 PM
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Rarely exercised and always able to buy back for less than exercised.

What do you mean by buying back? The stock itself or the call? I'm a neophyte when it comes to options so forgive my ignorance. I understand the basic concept of what you guys are doing in terms of collecting some income with the premiums while waiting for a pullback, but what I’m doing is something entirely different. I'm trying to exit BRK with large sums at good price points, put it all in cash, and wait for a rainy day. Another way of saying that is I'm making a significant wholesale change in my asset allocation from 85% net worth in BRK to 60% net worth in BRK and putting the proceeds in cash for now. I don't understand how writing call options will allow me to do that effectively, safely, and quickly, with my very substantial positions in BRK. I can see playing around at the fringes with selling a few calls, to boost your return a bit, but I’m exiting, not allowing these positions to sit there, to wait in case I have to cover the option, nor have the intent of buying the stock if called, even if I didn't have long positions to surrender in those accounts to begin with.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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