Lance

IWM Jan 2016 $115 puts Thanks, Lance

Out of curiosity, I did make an inquiry to Gotham Funds about whether they'd waive the minimum, after explaining my investing background, philosophy, and needs, and they were wiling to waive it for me. I haven't actually made an investment yet. I may or may not, as the fee really is very high, and that goes against the "cost matter hypothesis" which is very important to me. But if I had a job that restricted my personal account trades, Gotham Funds' would definitely have a place in my portfolio. Hi innerscorecard - did they say how low of an investment they would be willing to accept? Thanks, Lance

LGCY (Legacy Reserves Limited Partnership) Thanks, Lance

OGZPY (Gazprom) and SBRCY (Sberbank) Thanks, Lance

LUKOIL Thanks, Lance

IWM Jan 2016 $115 Puts Thanks, Lance

Don Thompson's The Supermodel and the Brillo Box: Back Stories and Peculiar Economics from the World of Contemporary Art Thanks, Lance

ARCP Thanks, Lance

GG (Goldcorp) Thanks, Lance

Hello - how low would they go? Thanks, Lance

BRK7 - yeah, pretty much. I figured the Pimco selling was overdone. Along those lines I also bought Allianz (AZSEY) and one of the Allianz convertible bond funds (NCV) during the sell-off on Wednesday. As far as the prospects for PDI, I'm guessing that interest rates stay low (and may head lower), thus it should do well. I don't really have a feel for future NAV growth, but was really just looking for something cheap and levered. I believe you're correct about the holdings. Thanks, Lance

RIG (Transocean) and NCV (Allianz Convertible & Income Fund). Thanks Lance

EWI (ishares Italy etf), GREK (Greece etf) and NBG (National Bank of Greece) - albeit these are very, very small positions. Thanks Lance

AZSEY (Allianz) and LUKOY (Lukoil) Thanks, Lance

Lance, it seems like you;re always buying. Are you selling other positions too? fareastwarriors - Yes, I hold a lot of positions and trade around them quite a bit. Thanks, Lance

EWO (ishares Austria), MBT (Mobile Telesystems) and PGAL (Portugal etf). Thanks Lance

AIG Thanks, Lance

PGH Pengrowth Energy and PT Portugal Telecom Thanks, Lance

SLM Thanks, Lance

PDI - PIMCO Dynamic Income Fund. Thanks, Lance

I'm watching Sistema. Added to CTCM this morning. I'm long LUKOY, OGZPY and SBRCY. Am also watching MBT. Thanks, Lance

Wow. Allianz (AZSEY) is down about 6% this morning. I might buy a bit closer to the 52 week low. Thanks, Lance

SHLD and a basket of offshore drillers (ESV, SDRL and RIG).

Hi Shan, Nice post. Regarding hedging, I've done some of what you've mentioned. I'm short AMZN, LNKD, NFLX, THC and TSLA. These are small positions, but it's still painful watching them advance. I have Jan. 2016 IWM and IBB puts and Jan 2016 IAU and SLV calls. I don't think buying SPY puts is a bad idea, but feel like IWM is more overvalued. Also, I'm long Fairfax. I'm not buying much these days (added to BP on the sell off yesterday and Russian equities here and there). I'm not selling anything, but regularly sell calls on several of my longs and puts on CTCM, NBG and SHLD (which I'm long). I don't know much about Fairfax's hedges, but believe Prem is betting against the Russell 2000 and betting that CPI will decrease. Thanks, Lance

Is anyone adding today? Long CTCM, LUKOY, OGZPY and SBRCY - watching MBT. Thanks, Lance