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Very glad to see the political stuff gone, thanks Parsad. We were veering into the open cheering of genocide and so on. Now to less controversial topics, like Microstrategy.

This is excellent Martian and you've explained in much more detail than I have the patience for why no options strategy currently known to man is "guaranteed" to add to your P/L, it is a strategy that takes skill, luck, and intelligent risk-taking just like any other. Glad we've put this latest COBF nonsense to bed.

You guys need to understand that unless a market is *grossly* inefficient (and that is a true rarity) there is no such thing as riskless (or "guaranteed") profit (and yes, 73Reds, mitigating SPY losses would also be economically equivalent to profit).

I assure you 73Reds is NOT correct. Just because you have executed these transactions does not mean you are guaranteed any sort of extra profit on them. I'm glad your BRK stuff has worked out. With other stocks, with the SPY, at other times and places, there is absolutely a risk being taken. This is not debatable, I'm sorry. You could make billions of dollars running this strategy at a quant desk if it were real.

Another way to understand the idiocy of 73 Red's idea is that buyers in the SPY options market are guaranteed to cede some money to you net, if you just pursue his strategy! Must be a lot of dummies out there!

NO. No. Jesus. You don't get it at all and you're resorting to sophistry like "make as much money as you can" or "guarantee profits" which nobody has claimed. You're saying your strategy will *add profits to your index investing GUARANTEED* and you are 100% wrong. It MIGHT, or it might SUBTRACT from your profit/loss, maybe meaningfully. *Over time* the moves in the tails will eat you alive as you try to trade these things. And you may not see your failure come up in "six months" or "a matter of days" as you challenged someone else above. There will be single days in which this strategy bests you over a 10,000 day period. Please God do not trade options or recommend others do so. You may be the world's best stock investor but you're clueless on this topic. I just don't know how else to put it. I can tell 100% you have not actually pursued this strategy over a period of many years (at least a full cycle) because succeeding in it would require you to be an EXCELLENT option trader and know options intimately. As for being civil, I tried starting with that but you've proven that you're going to continue to promote a bad idea you don't understand to people who might pursue it, so I have resorted to being pointed. I am now finished responding on this and I hope anyone following this exchange can understand why this is not a good idea, there is no such thing as guaranteed additional profits, etc.

I've read some nonsense on this board but this might be the worst. If I sell a $3 call and buy it back for $6, I've lost $3!! The next transaction is completely independent, a new P/L. So the question remains, how can you "guarantee" I will make money net of these potential rolling losses? Your strategy would have been exploited long ago by hedge funds if it were valid. Let's do an example for others who might be reading and potentially pursuing this (bad) advice: Today a 12/31/25 call on the SPY at 700 goes for $3.22 according to my broker. Absolute peanuts by the way, 0.5%. But if the index goes to 650 by midyear, the call will trade up and I'll have to buy it back higher to continue to stay the same distance out of the money. (Or I get closer and closer to losing my position, which this fella says you don't want to do.) So I sell it for $3.22, buy it for, say, $6.44, then sell a new one at 750 for 6/30/26 for $3.22. Where is my extra profit? This whole strategy is not only not "guaranteed" to make money, it runs a risk of losing you some money, unless you can predict the market, in which case you should be buying options.

And how do you know the money you lose rolling your positions won't offset the pennies you're collecting along the way? Do you have any data on this? And if you don't roll your position, you might lose it, and lose that upside, then have to buy back at a higher price. Which will also cost you versus the index. Therefore there is no free lunch and unless you can prove it with data, no guaranteed outperformance by "anyone with a fourth grade education".

How would shorting calls guarantee outperformance? You might sell a call for $5 and then have to buy it back for $10 in order to roll it. The options market is efficient.

I'm late to seeing this but thanks for posting it. Somehow, this guy has managed to become an even bigger bullsh*tter over time.

Honestly the guy may end up as President. We got one self-promoting financial failure grifter and it's not crazy if we get another.

Massive hindsight bias. TSLA has teetered on the edge of BK many times, if the breaks came out differently, easily could have gotten there.

Ackman is trying to play kingmaker. I guess Tilson is no more of a con / salesjob than Trump was in his heyday.

@dealraker (the wise man of this board as far as I'm convinced) is making the simple and correct point: "If you're so smart why aren't you rich?" If Jim Collins has an algorithm to predict what makes a great company, why isn't he an immensely successful equity investor/venture capitalist etc.? Is there any evidence this is the case? Anyways, G2G was debunked by The Halo Effect and similar.

Don't tell me you don't believe in his asymmetric super-nova opportunity??

Indeed, would be similarly depraved logic to what the IDF uses. (We may also bring up that the "human shield" genocide propaganda doesn't make sense since Israel has slaughtered tens of thousands of civilians - often in a targeted way, s.a. the report made by dozens of returning American and British doctors about children being targeted by snipers - so I guess they aren't "shields" at all.) Oh yeah, which Hamas "HQ" was under a hospital? al-Shifa? No, some small weapons, computers, and tunnels which criss-cross the entirety of Gaza. And what about the two dozen other hospitals bombed into uselessness? And who gets to decide the completely arbitrary standard you've just laid out? Israel? No, thanks. Just a reminder for anyone following this thread that, that earlier in the thread the above genius and genocide defender/denier said "If Israel was committing genocide, there would be no population in Gaza" an idiotic (and false) standard which would invalidate every recognized genocide since the Hutus, Jews, Armenians, Cambodians, Bosniaks all seem to have populations left. I'm not coming back to this thread because I will only engage genocide deniers ONCE on the behalf of an open-minded third party reader (you don't change the mind of the morally incapable), whom I encourage to do their own research in case they encounter this BS thread that is a stain on the entire forum.

And caught him naked short selling?

So since IDF HQ is in and around Tel Aviv (the Kirya), Israel uses human shields and many areas of Tel Aviv are legitimate targets for 2k ton bombs, am I following the logic of this thread correctly?

Patrick Byrne has been half-batshit for about 20 years. Remember the Dark Sith Lord of naked short selling or whatever he used to go on about? How could any of this be a surprise?

Yes agree and GE is a great example - worked under Welch, fell apart under Immelt and immediate successors, then a bargain again under Culp...etc. World keeps moving.

Is this what Bitcoin people are on to now? Bitcoin is valuable simply because it takes a lot of computing resources to maintain the network? Sort of like saying if I hire a few million laborers to dig up ditches and fill them back in, my ditch-digging company should be worth trillions because of the labor power I have under my control. Well, no, they aren't producing anything of economic value, they're just wasting calories. Buying a bitcoin doesn't give you *access* to those computing resources. If I had a few trillion to buy Amazon and Microsoft I could *use* the computing resources.

Yeah no don't apologize I watched it independent of this forum - not blaming anyone here at all. On another note, I watched Mulholland Dr for the first time last night. Oh my god!! Fabulous...must watch again ASAP.

Allied is great, always liked that one. I watched Rebel Ridge which some of you spoke about. I honestly thought it was one of the worst movies I've seen in some time. Very simple, very predictable, evil villains, Mary Sue good guys, etc. Quite surprised the positive reviews. New season of Slow Horses is great so far.

Excellent! I do like that. Chopin is great.

Never been into classical but I found some Bach I like late, the keyboard concertos specficially. F Minor (all the movements) is great! G Minor too. I'm hoping to land and expand and find some other stuff I like - I have enjoyed some Rachmaninoff in the past.