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"* To create a bit of current yield from a portfolio which does not pay dividends?"

That pretty much nails it.

I don't want to be greedy or stupid; don't want to risk on the downside, but at the same time, I don't want to ignore a reasonable strategy that could juice the big relatively large position I have in BH to gain additional income, without a lot of downside risk.

Their track record seems to support the above, and I think I understand what they are doing and the potential downside; I'm just trying to be smart about DD before I do anything.

Bottom line, I trust the people and the firm, given the long run history I've seen, but I am looking for others that have also been down this path, and what their personal experiences have been.

I'm just not interested in "leap of faith" strategies.

And I don't think they are offering any kind of leap of faith in what they do, but I am interested in any others that have considered going down this path.

Just trying to be smart before I make any decisions.

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