What are you buying today?

[Spekulatius]

8 minutes ago, sleepydragon said:

 

Yeah, maybe because the news about Saudi increasing investments in solar energy. Solar panels uses silver. And there’s really no quick ways to increase silver supply because it’s usually a bi-product of other mines. 
 

 

I have seen this thesis 5 years ago, 10 years ago. Silver has a history of sharp peaks that quickly subside.

[sleepydragon]

12 hours ago, Spekulatius said:

I have seen this thesis 5 years ago, 10 years ago. Silver has a history of sharp peaks that quickly subside.

Indeed. It’s called “devil’s metal”

but the demand/supply deficits have lasted a few years now. I think with gold so high, silver is a good inflation hedge. When inflation is high, mines become more expensive to run. Also jewelry maker will use more silver 

[Saluki]

1 hour ago, sleepydragon said:

Indeed. It’s called “devil’s metal”

but the demand/supply deficits have lasted a few years now. I think with gold so high, silver is a good inflation hedge. When inflation is high, mines become more expensive to run. Also jewelry maker will use more silver 

 

It used to track heavilly with Gold and that's why conspiracy theorists and people selling newsletters pumping silver claimed that it was being artificially manipulated down for years non stop. The truth is that there is some industrial use for silver, but most of it WAS for developing film and when that all went digital so did most of the industrial demand. 

 

If there is some new use for it, like Solar panels, and that is increasing, then maybe it will have a comeback. Who knows? Too hard pile. 

[sleepydragon]

22 minutes ago, Saluki said:

 

It used to track heavilly with Gold and that's why conspiracy theorists and people selling newsletters pumping silver claimed that it was being artificially manipulated down for years non stop. The truth is that there is some industrial use for silver, but most of it WAS for developing film and when that all went digital so did most of the industrial demand. 

 

If there is some new use for it, like Solar panels, and that is increasing, then maybe it will have a comeback. Who knows? Too hard pile. 

 

This is a few years back when someone asked about Buffett's thesis in buying silver.

Back then, silver had a demand/supply deficit of 100m oz. Now it's about 140m.

Everything Buffett said back then (including why he sold etc..) still applies.

 

 

It's not a great investment -- it's something to sit on, but may not be a bad idea at current environment.

 

[sleepydragon]

12 minutes ago, sleepydragon said:

 

This is a few years back when someone asked about Buffett's thesis in buying silver.

Back then, silver had a demand/supply deficit of 100m oz. Now it's about 140m.

Everything Buffett said back then (including why he sold etc..) still applies.

 

 

It's not a great investment -- it's something to sit on, but may not be a bad idea at current environment.

 

 

Here is another one:

https://youtu.be/LvaE8wR87HM

 

[NnnnotSoSmart]

Bought more GOOGL over the last several days.  Now loaded up to the gills.

 

Rumors of LLMs killing Alphabet's search business are greatly exaggerated. 

[valueventures]

More Fairfax

[Ross812]

GOOGL and my fill of NVO in the past week. 

[KPO]

AEGXF & PEP

[Dinar]

34 minutes ago, KPO said:

AEGXF & PEP

Why?  Thank you

[KPO]

1 hour ago, Dinar said:

Why?  Thank you

AEGXF is more of a relative value purchase on what is likely a short term (3-4 quarter) dislocation.
 

I own zero mutual funds or broad equity market ETFs, so PEP is an example of how I build a core index-like position very slowly over time as various sectors sell off.  Other recent examples include UPS and KMX. During COVID I did this with natural gas pipelines, insurance, real estate and O&G. It’s a different way of building broad exposure without implicitly overpaying through index ownership as most have done the last few years with the heavy MAG-7 weighting. 

[Dinar]

1 minute ago, KPO said:

AEGXF is more of a relative value purchase on what is likely a short term (3-4 quarter) dislocation.
 

I own zero mutual funds or broad equity market ETFs, so PEP is an example of how I build a core index-like position very slowly over time as various sectors sell off.  Other recent examples include UPS and KMX. During COVID I did this with natural gas pipelines, insurance, real estate and O&G. It’s a different way of building broad exposure without implicitly overpaying through index ownership as most have done the last few years with the heavy MAG-7 weighting. 

I would stay away from PEP.  It is an overvalued stock with zero volume growth, and possibly facing structural headwinds.   

[KPO]

3 minutes ago, Dinar said:

I would stay away from PEP.  It is an overvalued stock with zero volume growth, and possibly facing structural headwinds.   

I don’t view that as a unique insight. Look at it on several measures compared to KO and then ask yourself if this doesn’t have activist magnet written all over it. Meanwhile I get a growing yield of just over 4% to wait, and have the option of writing calls on run ups, etc. Over two decades I’ve found boring low/no revenue growth investments like this provide decent risk adjusted returns after 25-40% declines off there highs. It’s not for everyone. 

[brobro777]

Bought some Dec 2025 ES futures

[Lance]

ARE

 

Thanks

Lance

[Spekulatius]

Small adds to UNH and REGN.

[KPO]

Starter in UNH

[Stuart D]

On 4/25/2025 at 2:22 AM, sleepydragon said:

 

Here is another one:

https://youtu.be/LvaE8wR87HM

 

Thanks for posting. I remember watching this clip a few years ago, but never did the work to calculate the supply/demand/inventory balances for silver.
 

Having the AI’s now (eg. ChatGPT, Grok etc) makes it much easier to get started. 
 

Grok had ~1.2b dmd vs ~1.05b supply and ~650m in liquid inventory. Most of the deficits having occurred since 2022, with increased tech investments (I’m assuming that’s AI/data centres).

 

Is this in the right ballpark compared to the numbers you’re seeing?

[sleepydragon]

2 hours ago, Stuart D said:

Thanks for posting. I remember watching this clip a few years ago, but never did the work to calculate the supply/demand/inventory balances for silver.
 

Having the AI’s now (eg. ChatGPT, Grok etc) makes it much easier to get started. 
 

Grok had ~1.2b dmd vs ~1.05b supply and ~650m in liquid inventory. Most of the deficits having occurred since 2022, with increased tech investments (I’m assuming that’s AI/data centres).

 

Is this in the right ballpark compared to the numbers you’re seeing?

i got my numbers from https://silverinstitute.org

 

but i think in term of how much above ground silver inventory there is, there’s a lot of guess works. But in recent years, solar panels, ev cars, are driving new demands of silver.  On the other hand, Buffett is right it’s just commodities. U will have buy it and just sit and stare at it till next person really needs it and pay a lot more. 

 

[dipod]

Sold OTM puts on LLY and NVO. 

[Junior R]

you can buy UNH today and sell a covered call close to the current price and make 12% if the stock is above the strike on expiry in Dec you pocket the 12% ..might do this if the stock can go under $400

[zzzyx]

More WRLC at $400

[sleepydragon]

59 minutes ago, Junior R said:

you can buy UNH today and sell a covered call close to the current price and make 12% if the stock is above the strike on expiry in Dec you pocket the 12% ..might do this if the stock can go under $400

It’s same as sell a ATM put. You get a bit less premium but u dont have to commit the capital to buy the stock (get paid on on the interest earning cash). 

[Junior R]

26 minutes ago, sleepydragon said:

It’s same as sell a ATM put. You get a bit less premium but u dont have to commit the capital to buy the stock (get paid on on the interest earning cash). 

Both nice trades ..I might put it on if stock hits $390

[KPO]

Another slug of UNH