Palantir

L3 candidate....not looking forward to this puppy.

Gupta's story is so sad, this was a really talented guy who rose to the very top, and still, deep down he felt like he didn't have enough....

Who are the prime suspects?

This is awesome....stocks just keep going up without rhyme or reason....yeah baby keep it coming.

I want to coattail on to the 3 Wise Men of Berkshire. But...I can't bridge the valuation...nothing stands out. Looks like I'll have to do some original thinking.......eh.

Somebody really likes NOV.....time to dig.

Sounds like all the more reason to continue holding equities...

^ Ha. Plus everything he says is exactly what the "experts" have been saying about China for the past 3-4 years ad nauseum.

Damn. If I had bought this stock, I would now have enough money to buy their car too. win win.

I'd say Katherine Webb is a short. Wayy overrated and overexposed.

Instead of selling this stuff why don't they just build entire fields of solar panels as power plants like all over Nevada, which seems to be more efficient than "solar panel on my roof"....do they already have that?

So essentially, these guys would benefit from dropping solar panel prices...

It adds a catalyst, it makes Wall Street realize that management is willing to support the stock, so they pay attention. Otherwise if the stock is going to stay undervalued perpetually with no hope of reaching IV, why would you want to own it? If you want to own a stock like that, I recommend a long position in Loews (L).

^ What if they're only slightly below intrinsic value...?

Just like how Fox has been running a daily special on Benghazi and groping around to find SOMETHING that implicates Obama so he can be impeached. Yes, it prevents the brainwashing effect. ::)

These esteemed value investors could all be collectively wrong, and I feel that pulling out of the market just because it is rising is another form of market timing, which I believed was frowned upon. If you're really worried about the market turning, why not just buy puts? Sure it'll cost a premium, but if your bearish case is incorrect and market keeps rising and you pull out, relative to the index you'll still lose out...or you could be like boilermaker75 and sell options - which ensures he will "win" regardless of which way the market turns.... As for the "shot heard around the world", QE will cease contingent upon economic growth (hopefully), which is again bullish for stock prices. There may be a major correction, but over the next few years, especially if EU delevers with Monetary easing, we could well see a bonanza in the stock markets. Just IMO...

Maybe he's sending us a message. What does the Jedi Council of Value Investing say?

Exactly, if anything, it should be statistically a very profitable strategy given that you're selling depreciating assets with skewed payoffs, and assuming you've done the valuation, you have a better understanding of the underlying's intrinsic value.

Options may be a zero sum game....but how do you know that the expected value for the seller = 0?

An actual bear would be more interesting than a strawman.

Large Cap tech buddy. I think REITs could be good for nontaxables, and MLP's for taxables, but those are pretty high right now, so not yet. IMO, everybody wants yield, so I don't think you should do the same, perhaps look for quality companies that are not paying a large dividend (or any div), and a dividend could be a catalyst. I agree with the poster who said that dividend growth is not a great strategy, but at this moment, I think div growth could be good if they have a lot of cash and have just started paying out (AAPL). Some talking head on TV said, "People are looking for bonds that act like stocks, and stocks that act like bonds!". So true.... Personally, I don't view income investing as separate from growth, I just like to view dividends as a catalyst that can unlock returns. (AAPL, MSFT) EDIT: Writing options IMO is one of the best ideas. Just pinpoint a value you'd buy at, and sell a put so that after you net out the premium, you end up buying if the option is exercised, either way you win.

Yeah I didn't mean it literally as a "substitute", I meant more of as a "stable value" portion better than holding cash, but without expecting a lot of upside. I don't think "Warren's floor" is a hard floor, more like a trampoline. So in a sense, even if you break past the floor, even if he doesn't buy it back, you (and others) know that you're buying a security that is severely undervalued so I'm not expecting it to go down too much (even though as you noted, in theory it can).

I'm starting to think I need to start treating BRK.B as a cash substitute....it is near IV, but I don't think it'll fall thanks to the "Warren's floor", so not much downside.

I just joined now too. https://twitter.com/ILikeBigBadHoes

I'm happy the market is up, but now I feel like I should be selling something.....