sleepydragon

Brk has unique shareholders basis— mostly retail investors. A big percentage of Brk shares are held by retail investors who has cost basis 50% below current prices. These guys will never sell. Yet, Brk is now one of the mega 8 in the index and shares need to be bought whenever someone invest in America (foreign money), but Brk is unlike the other 7 in that its average daily liquidity is much lower. Then there are quants/hedgers and call writers, who have to reduce their positions as the shares surge higher by buying the stock.

Yeah, that’s what I mean (I didn’t read the article).

not impossible if Brk buy back 10% shares each year

I think it’s really just the trillion dollar mktcap attracting more index flows. And people rebalancing into value stocks such as XLFs

imo, for retail investors, there are only two types of options trade that gives retail investors a unique edge . Sell puts or buy calls.

It’s interesting Buffett’s teacher Graham, who is regarded the GOAT of all these special situations/value investing trades, made the most money from one long term holding.

Speaking of DG, I want to mention Dollar tree. Its CFO was buying the stock last year at a much higher price than now. It’s not usual a CFO will buy company stock

Does concentrating really make sense? I have been wondering, because if you concentrate it’s very hard to keep a stock for very long term. People change minds too often. So holding long term seems to be conflicting with building a concentrated portfolio. On the other hand, if I have a position started at 5% of the positions, and if it’s a 10 bagger, it will become 50% of the portfolio, and that’s much easier to deal with. i guess my point is concentrating only make sense in that you don’t sell your winners?

There was a tender offer which management didn’t participate, which is bullish. In the end the only shareholders who tendered is the KO parent.

My largest buy last year was Spirit. Then it was Para. Both not ended up too well. Fortunately I made some money back speculating on YELLQ and LQDA. now I have given up on these special situation/event type of things. for the past 3 months, my largest buy is DIS, though it’s only 2x the size of my next largest buy which is usually my starter size. My other buys that have worked are MSCI, Fairfax, and COKE. Those I am losing money are Sirus , OXY, CNH, FNMA/FNMAS

Good pick on coke! I bought some too

Curious what’s people view about buying the warrant instead of the stock? I am thinking if OXY increases dividends over time, stock is a better buy. Or else, warrant is clearly better due to the leverage it offered.

Do you currently own the common or preferred? I have both, about 3x of commons than preferred.

I did proposed she do her own trade. but she "prefers me as her broker". Also, to her credit, she did asked me many times to buy AMZN, TESLA almost 10 years ago, and NVDA last year. I also bought RIVN per her request but sold at a small lose (RIVN subsequently almost doubled after I sold before falling back down to earth).

I have nothing against shorting btw.. also, buying put is safer than shorting directly because you will never lose more than 100%, but what’s what you pay the option premium for. Also, the put’s premium has included the borrow costs because what’s what it costs for the market makers to underwrite the put.

snowflake is actually pretty useful. It's essentially a modern day Excel with machine learning tools, and is extremely fast. Geico is probably trying to use machine learning to help insurance policy. When I went to geico's website, it says you could get those "boxes" in your car to monitor your driving. But somehow I couldn't find how to get those for my area. They seems to be slow in rolling this out.

No. she asked me to sell yesterday. I promptly ran to my desks and sold at 29.77. Since then I have been taking a lot of abusing words from her. This morning the stocks shoot up again, my wife almost exploded, and I was instructed to get back in immediately. Fortunately I only bought $2000 (hahaha!). Within minutes, the stock started tanking, wife couldn't take it anymore (she's doing all these while nursing a baby), and instructed me to get out . All in, she made $1000 yesterday and lost $200 today. I hope the stock tank more, so I will get some peace time for today, which is priceless.

Yeah, and the borrow costs go higher as stocks tank.. and they charge during weekend and holiday too

In my experience, shorting makes money faster than long. In fact, IMO, most long/short funds actually made most of their money from the shorting side. Shorting tends to work faster than long, because stocks fall much faster than rising on average. But shorting is more risky because it's zero-sum game (unlike just long). It's sort of like event-based tradings. Timing is important. You get timing right, you make returns in a short period of time, but you could lose a lot too. In term of shorting candidates.. there are a lot of them. For example, you can short those hard to borrow/Expensive to borrow stocks.. Some of them will have short squeeze but most will fall hard. The problem is, on average, your returns will be less than the borrow fee you pay. You have to find stocks to short before it becomes expensive to short. It's a much harder game. Like options, which you must get timing AND directions correct to make money, for Shorting you need to get timing, directions and find stocks that are still cheap to borrow.

who is this Kuppy guy? why everyone seems talking about him/refer to him on twitter?

thanks. My wife bought the stock, not me. And whole morning today I have been humiliated. Quote :” you boosted you have been in stocks market for dacades. Have you ever bought a stock that’s up 50% in a day?”.

same thing. My wife’s IRA is100% in BRK. It’s doubled. And she is pissed . “Why didnt you listened to me and buy NVDA. I would have 10x the money”

I saw a news article yesterday saying Rivian will equip their cars with Apple Music. Previously I thought they will install Sirius XM

My wife, sort of an expert in meme stocks in my household, bought for my mother in law ASTS yesterday. Stock is up 45% this morning. In my life I have never bought a stock that’s up 45% in a day. I did bought stocks that’s down 45% in a day (SAVE?). anyone has recommendations about the prospects of this company?

i just noticed lulu ceo, who’s on board of Disney, bought $1m of DIS . He also sold about $12m of LULU a few months ago.