backtothebeach

I asked ChatGPT how the Fairfax TRS on its own shares is taxed, and it took the answer from posts by @gfp on CoBF. https://thecobf.com/forum/topic/16427-fairfax-stock-positions/page/87/ If the massive repurchase in June was from the TRS counterparty, I trust there were good reasons. Wasn't the whole reason for the TRS that they were liquidity constrained at the time? If liquidity is not a problem now, closing it out partly at a low price is tax efficient. Or maybe it just was the counterparty asking them to reduce it.

Do you mean if the defender touches the ball? The Egyptian player did not touch the ball. I agree though that many penalties are given that are fabricated by the attacker, including Mbappe's yesterday. He could have jumped over the defender's legs, but he happily hooked his foot in and fell.

The hilarious part is all these NATO leaders treating the revolver as if it were radioactive poison. https://www.turkiyetoday.com/world/what-nato-leaders-did-with-erdogans-revolvers-from-airport-police-to-museums-3223599

Argentina‘s 2-2 goal commentary.

Hilarious how in a thread about the World Cup the best some people can contribute is whining about how they don’t like football/soccer. I’m starting to prepare a banger whining post if there’s ever a thread about the Super Bowl.

Congrats to Norway beating Brazil! Haaland, Messi and Mbappe have now all scored 7 goals so far, followed by Kane with 5 goals.

Quite the sector rotation again the last few days, with everything that had been struggling (software, insurance brokers, even consumer staples) getting a boost and semis/AI struggling. Just a blip/short covering again? Looks like a much wider rotation this time, not only software.

Great game!

More gaps, just because it is interesting.

Thx!

I've always wondered what you mean by this. No need to reply if it is too confidential, ha.

BB up 20% today on revenue beat. Wonder if Fairfax still owns it. We'll know soon enough. Close to 5 year highs:

Fox Sports https://www.youtube.com/@foxsports puts all games on YouTube in 2 versions: ~10 minute highlights, and ~20 minute extended highlights. Without putting the result in the video title, suspense not killed! And if you are strapped for time, there is also a recap of all matches of a day, mostly goals, in 10 minutes. If you are outside the U.S., you can use a VPN to put yourself in the U.S. Sometimes YouTube blocks VPNs, it helps to open in a private tab and go to a state with a lesser used VPN, not east or west coast.

ADBE after hours for $207. Glutton for punishment.

Gap now practically closed. I sold a bunch of SPY calls around the top for a few days, but did not have the guts to sell ITM calls, unfortunately.

Posting in the Canada thread because it happened in Canada...but could be anywhere. https://people.com/17-innocent-travelers-were-arrested-for-drug-smuggling-after-bag-tag-switching-scheme-report-11979610 https://finance.yahoo.com/markets/crypto/articles/airport-workers-swapped-17-travelers-120000345.html Dang, one more thing to worry about? I think I'll start filming my luggage at check-in.

Yeah, just having some fun here. Although, sometimes the stuff that seems absolutely ridiculous, where the thought of buying it almost makes you puke, can do exceptionally well.

TDOC is up 40% since February.

Given the unanimous opinion on this board: Long SPCX on IPO day.

May 6 gap still needs to be filled on various indices.

Maybe Greg just wants to reduce the cash pile, and Google is most likely better than cash long-term. I mean Berkshire has lots of cash coming in every month anyway, and increasing the cash pile even more quarter after quarter would just make his life more and more difficult.

Lol. There is no real intelligence in LLMs. Perplexity has learned from this prompt being posted on social networks and gets it right: "Drive there. The car needs to be physically at the car wash to get cleaned, so walking would leave it at home. ..." ChatGPT however: "If it’s only 100 meters and the weather’s nice, walking is probably the better move. It’ll take about 1–2 minutes on foot, you avoid the hassle of starting the car just to move it a very short distance, and you get a bit of fresh air in the sun."

Jony Ive: “Everything is founded on being functional." (found on reddit)

The S&P500 left a gap a couple weeks ago that still needs to close. With SPY the gap is 725.04 to 727.83. Any ideas how to play a SPY pullback to $725 or below with options - without risking too much?