Didn’t Jim say he was all-in on DITM calls on BRK? Stock guru has conviction.
All I said was that all my Berkshire position was calls : )
I also have other positions and a pile of cash sitting in the corner.
Still, my models suggest that, if the future rhymes with the past, Berkshire offers a reasonable chance of inflation plus 12-20% in the next year, average model about inflation + 17%.
Think of that as the number the model thinks is a 50/50 chance of beating or missing.
I hate to admit it, but if Berkshire goes a bit lower I might pick up a few out-of-the-money calls.
Jim