Gregmal

I bought a few shares but finally gave in and picked up some leaps as well. 2022 175s.

added more BRK.

If you think Deere is bad, check out WD40.

Thats definitely an interesting and creative idea. I feel like its also an idea inspired by being in a bubble! Whats a man got to do to buy some reasonable priced growth stocks! But yea, that does kind of get to the core of where shorting out quality discrepancies within the valuations would make sense.

Thats a good component of my short/hedge basket. I'd add ZM and BYND although BYND Ive covered a little bit as Impossible is garnering a $4B valuation in private rounds, which if you translate that to a public valuation, doesnt make BYND seem as egregious. Although I still think its egregious, I'd just be mindful of what that could imply as far as short/intermediate downside may be. Others, NVAX, FCEL, TLMD, JKS, FEYE and maybe..although I have some hesitations, CVNA and PTON. And, no, you never lose all your money if you came prepared. If you cant take a short going against you 5-10x you shouldn't be shorting or are doing it wrong. I also think outright shorting to make money isnt ideal 95% of the time. It's more an attractive way to offset some risks being long if you pair/size it properly. 10 up, 3 down is still +7. The attractiveness is that if you are somewhat in the same ballpark from a timing perspective, both sides can work out. But up 3, up 6 for example, shouldn't be the expectation bc you'll leave disappointed more often than not.

The reality is that they need to kickstart the rebound so Biden can not only get credit for curing covid and cancer, but also saving the economy. Especially those of deep blue states. Notice how the news outlets are already declaring it "Biden's $2,000 stimulus checks"? Odd, because unless I am mistaken, one guy called for $2,000 checks, and it wasnt Joe, it wasnt Nancy, and it definitely wasnt Mitch.

Im just wondering where the rest of the market is? BRK is a no brainer here. Its basically a cash alternative at these levels, especially with the financials having gone ballistic. Nothing is priced in.

BRKB, CLPR, FRG starter

I don't think there is anything on the REIT disclosures. Ive previously gone as high as about 4.5% and currently have 2 that are between 1-3%. Never filed anything or been told Ive had to. My understanding for REITs is they need to have the 5/50 thing down, but that would be an obligation of the company and its agent in order to validate the tax status, should they get audited.

So the folks associated with the incoming administration have a history of stealing things?

Found out my 98 year old grandmother will be getting the vaccine on Friday. She will be going with my aunt(her daughter) and uncle. Both of whom already got the vaccine. My aunt being a substitute teacher and my uncle being on the board of a hospital! Both when asked if they wanted it, retorted with "shouldn't other people get it first" and the response was that they just so happened to have them laying around, and someone needed to take them. What a remarkable rollout.

https://www.washingtonexaminer.com/news/andrew-cuomo-economy-reopen-coronavirus Who would have thought? Perhaps conspiracy theorists? Despite repeated cries from Fuuci about the worst being ahead of us....Cuomo is now looking to open NYC...does anyone know what changed in the past couple months? In related news, Chicago has also decided to suddenly re-open schools. Bizarre.

Usually the annual reports list property by property for the entities. Even if you just have a name you can typically parlay that with a Google search into an address and tax record filing.

Morguard Corp(MRC), and Morguard REIT(MRT) have all that stuff. North American(MRG) is pureplay residential and IMO the crown jewel that most people arent even aware of.

I'd throw MRG in there as well on multi family. Trades at half of NAV and 30% discount to historical average. Good yield. High ownership from Sahi; who is an incredible operator. Basically a Sun Belt hybrid with some exposure to the recovery areas in Canada as well.

Sold some MX. Paid down some margin. Started GILT.

In honor of the times, V for Vendetta. Classic.

Trying to get into some new shows I started watching Your Honor with Bryan Cranston. Big fan of some of his stuff and Showtime Ive found is top notch with premium series. It's horrible and sucks more than I could have imagined. Basically Death Sentence meets a low level crime drama with a lazy social justice message. Total letdown.

Interesting is that we have no problem accepting rolling out mail in voting ballots. You get a slip in the mail, bring it to your local polling station, cast your vote, and get your sticker. Meanwhile, for a vaccine, which should be the same exact process; IE here's your vaccine slip, bring it to the said location, exchange it for a shot and a stimulus check voucher....Nah, direct everyone to the outdated government websites that crash and lock people out when volume spikes 30% or more...then wonder why no one is getting vaccinated and places are throwing out vials because of the mishandling and lack of timely administration...total fucking idiots.

I agree, but dont get your hopes up. POTUS is obviously busy with other things, as is Congress. After all, they all got their shots already. Jokes on the average Joe, as it always is.

CDC now saying we could see a huge covid surge as a result fo the "riots". After nearly a year of hearing how "riots" were not believed to be causing any spread....what will they come up with next?

Someone should tell Cathy she needs to let the journalists and cameraman have "unprecedented access". One day there will be never before seen footage, and behind the scenes stories to be told via a remarkable, never before seen documentary. This is....The Last Dance.

I actually see this as one of the best short term, event driven trade setups out there right now. You have maybe 20-30% potential short term downside and 150%+ upside potential. If your risk tolerance is 100 bps(IE nothing), you can T up a rather meaningful position.

Yup. Bottom line is owning assets is better than not owning them. Many of the cash folks also seem to be worried about inflation too lol. Makes no sense. People always say shit like "price is what you pay..." or whatever and then refer to 1999 or 2008, but at this point many of them have been saying that, and been wrong for almost a decade, or put another way, 1/3 of the normal persons investing life cycle. I have over and over again found it prudent to be respectful of, but largely bet against "the exceptions to the rule" when it comes to investing because exceptions are rare and the closer we are to them the less likely they are to happen. You can hedge these exception to the rule risks quite easily and cheaply as well, further mitigating them. Its why 2011 Q3 was a gift(just using an example). Everyone thought it was GFC 2.0 and large scale defaults where just around the corner....they weren't. Because we just had that 2 years prior and everyone was prepared for it. Its why the fear of "the next wave" of covid never really materialized in the markets and kept people under invested... I say this as someone who is as bearish on some big parts of the market as Ive ever been, and have probably a 20% or so short exposure through various baskets and trades. But I also still have very reasonable long exposure. If you cant find anything to invest in for long period of time, you should just buy the index or ETF because the truth is that a reasonable market participant can almost always find something out there thats worth investing in. And yea, multi family REITs IMO are probably the ultimate cover all your bases, undervalued, will do well/get an adjustment multiple boost value play out there right now. Theyre a no brainer but people miss them because of false narratives and the fact that theyre also not going to be doing 50-100% in a year.

California has been the most abusive and restrictive and yet leads the way in terms of being a total disaster from top to bottom. At least Nancy can get her hair done and Mr. Newsome and pals can do their fundraisers. The 49ers however, can not even play in an empty stadium. Common folks...stay at home chumps!