LC

COBF/Kitten themed red headbands? Yes.

Preach.

I read this and thought, wow, this guy is a hero! And then I thought, no I was wrong, this man is a LEGEND! ;D

all true enough. plus JPM can out with an analysis (cant find link) that we can all take our masks off in four months if vac rate continues as is Fauci seems to agree saying April is when vaccines will be regularly available. However I am hesitant to see how we get to 25% earnings growth in the S&P500 without inflation or continued consumer stimulus.

https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=224548&navigationaction=home&page=1&newssection=industry

BTC quite possible. As 6 hour download of a BTC node replaces each banking function through out world. It may not be longer before Oracle of Omaha and venerated Charlie Munger change their mind on it. PS: Interesting one from today is BNY Mellon news. All old players on street joins; ultimately Oracle joins. This may be only start up investment where general public had open market ledger and cap table (fully visible) access for 12 years or so before Traditional finance make their mind about it. As WEB says: "If history is guide to riches ; librarians would be richest in the world." Digital Scarcity is the trail on which World embarks. World abundant with Central bank currencies; a new trail leading to Digital Scarcity has begun. Every banking function? How does BTC assess credit risk, market risk, IRR, etc? How does BTC perform collections and fraud functions? How does BTC perform hedging? Risk appetite assessments? I am not well versed in Bitcoin or block chains but I have not seen anything related to these functions discussed in conjunction with Bitcoin.

The health reason is not COVID related (not sure if that is better or worse) but yes, let's hope he recovers.

averaged down on Qualys. Small position but isn't it great seeing a stock drop 15% the day after you buy? ::) ::) ::)

Good point. Thanks for the feedback.

I don’t know when it will happen but I have a pretty large cash balance waiting to be invested. Maybe this year, maybe next year, I don’t know, but most valuations seem pretty rich.

https://www.horizonsetfs.com/etf/psyk Thoughts?

Similar story for a while now. Feels like a perpetual Berkshire discount and WB not too keen on repurchasing.

bought some akamai and qualys.

The opposite holds true as well, though. Good companies + time is a recipe for success. Of course, identifying good companies is difficult and needs to be consistently re-evaluated as ourkid8 mentioned.

I sold Berkshire LEAPs I purchased a month ago. Long the stock and would gladly buy back into the LEAPs, but will lock 20% profits in a month.

Purchased some Berkshire.

Why TLT and not traditional protection such as GLD?

Some interesting (perhaps conspiracy garbage) commentary:

Considering WSB's big win was Gamestop equity, wouldn't that mean both of the above? :D

https://www.investopedia.com/terms/n/nakedshorting.asp Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. Per SEC regulations, participants in naked short selling activities can be charged with a crime. In fact, in 2014, two Florida State University professors were charged with using a naked short selling strategy in 20 companies to earn more than $400,000 in revenue. In 2018, there was widespread speculation that naked shorting was endemic in the cannabis sector as shares were highly sought after and thus limited, but short interest continued to grow regardless.

I think you’re right that it does have a conspiratorial slant but I wouldn’t call it garbage. It does illustrate the mechanics of how over 100% of a company’s float can be shorted, the interconnectivity between funds, brokers, and clearinghouses, and some techniques used to conceal short positions.

This is a great read for some tangential understanding regarding the GameStop fiasco: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html

I would suggest his 56 min video from July 2020 on GameStop. It was good work!

Trough to peak, I agree small and micro caps will outperform, but what about peak to trough? The difficulty is knowing where we are in the cycle!

I definitely missed that one. I didn't realize Schwab left, either. I always enjoyed reading his posts. Hopefully he returns.