LC

Sorry, have been a bit busy eating freedom fries covered with melanin-rich sauce and vegan Kurds. In all seriousness, some people do seem to go out of their way to feel offended…and anyone changing the name of a delicious food (which was at one point the base of my hungover food pyramid, along with Schwartz’s) because of a dictator is a dumbass.

I saw that too. What do u think longer term, Greg? Revenues are defendable?

I wish I had. I sold puts when BRK dipped below 300, but the better move would have been to also go long.

To allude to what Greg said earlier I think the best hedges are good undervalued companies that would be a decent investment on their own, AND also would benefit from whatever situation you are trying to bet against. So you give yourself multiple ways to potentially win under various scenarios.

Threw some money into existing positions this morning, disney, atlas, davita, fairfax, citi. bought some joe also given the good results. sold puts on berkshire and dominos. also bought Sberbank around 2.6 as a joke.

Just saw a sponsored ad on yahoo finance “Nostradamus frightening predictions for 2022”

Same although I closed out the position 30 min later for a 50% gain. Bored trading I guess. Also bought FB stock though, I plan to hold that.

Same

Took some trading profits Starter position is good ole Disney Also curious re: the previous comment on Belpointe OZ re tax deductions. Per their whitepaper you can invest capital gains realized from any investment from the prior 180 days, into OZ, and claim a tax deduction on those - not realizable for the lesser of 10 years or when you sell OZ? Why not take all my cap gains over the last 5 months of 2021 - buy OZ for that amount, sell OZ a few days later, and defer that entire taxable amount to 2022? Could I then repeat the process in another 180 days? wp here: https://belpointeoz.com/wp-content/uploads/2022/01/Opportunity-Knocks-White-Paper-1.22.2022.pdf

Yesterday I freed up some cash and today I pulled a Greg (bought PSTH as a cash sub with upside optionality) Past week or so I've been picking at things, generally in order of size: MSFT under and around 280 Berkshire under 300 Bought some T in the 24s The RE plays everyone loves (CLPR<9, AIV<7, MSGS<70) C around 60 Bought some damn SNC that Dazel and Gabe love although I may eat my hat there A bunch of stuff I flipped intraday 2 days ago when the market swung like +/- 7% in a few hours. Pretty much my strategy is: wake up, if the market is tanking, try and buy some quality stuff. Go skiing for a few hours. Come back, if the market is now up 5%, sell half that stuff. If not, wait till tmrw.

First, buy enough drugs cigarettes and alcohol and go skiing. Then, go long long long every superstock that the rest of u all shorted

Their products are decent but pricey as hell. That said I'm an audiophile who can squeeze a penny so I probably shouldn't be projecting that onto their customer base. My buddy spend like 3k on sonos equipment for his spot, just because it's the easiest platform for whole home audio (with actual speakers - not counting amazon/google home devices)

Yep. Either their inside information isn’t that good, or they don’t execute on it well. So who cares?

A classic

Didn’t the vice chair of the FRB just resign over this?

Not with that attitude

Yeah I mean I'm definitely over the scare tactics and checking all the data and such. I wear the mask where people require it, I'm vaxxed and boosted, so now it's just whatever. I've done my part. That said I took a look at the CDC's excess deaths in Colorado for 2021 and it's definitely outside the average band. NYC however it is barely a blip for 2021. But then again CO has more never-vaxx than I think NYC would.

Flew back to NYC over the holidays, flight attendants asking "are there any medical professionals on board?" Five minutes later they break out an oxygen tank for some dude a few rows up. Needless to say: Runny nose and sneezing for a day, and a cough the next day. Maybe a slight headache the next few days but could've been hangovers...tough to tell. Gave it to the entire family too (assuming I was the patient zero) Same story here in Colorado - lots of restaurants without dine-in service because people are covid+. Girlfriend (MD) caught it independently as I was out of state, and says hospital beds are at 93% capacity in the state. Not sure how effective liquor is vs. the coronavirus but I'll make sure to keep testing.

Fully exited Livenation yesterday at 125, cost basis was ~45 during the march 2020 drop. Was the only thing I held throughout from that time period (most other purchases were call options which were sold and reinvested in the underlyings)

About 43% in my investible accounts. Private RE holdings went up ~14% on an unlevered basis but I maintain 80% LTV so much higher cash on cash returns.

Check audiokarma. They’re my “go to” for audiophile needs.

Same. It got a lot of hate from the diehard readers but as someone who never read the books, I enjoyed it as well. Got me looking forward to reading the books, actually.

What's the thinking? I agree it's looked cheap. Inflation + looking at crypto as the comp

Happy holidays all, and an obligatory thanks to you Sanjeev for maintaining this forum. A bit less of an engaging year from myself but happy to be a part of this community. Cheers!