On Thursday and Friday, I added to my BROS position. The position is now substantial. In fact, I had to close out most of my beloved Berkshire Hathaway position to raise cash for BROS.
Recall, most of my remaining Berkshire position was covering long-dated calls that I had sold in February. Fortunately, the calls had decayed since then, and I was able to buy them back to close out the position for less than half of the price for which I sold them. Then I sold the underlying shares for a little more than I paid for them. The net result? A meaningful five figure return.
Berkshire was a low-risk place to stash some cash. With Berkshire, I was playing not to lose. With BROS, I am playing to win. I fully expect a meaningful six figure return, and I expect it sooner rather than later.
Go BROS!
P. Gustav Mueller, author of The Present