LC

https://www.washingtonpost.com/health/2021/01/15/trump-vaccine-reserve-used-up/

Dammit, yeah - you're right. Crackpot ideas from a money bubble.

Does anyone ever use short positions to accumulate high quality companies with extreme valuations? Let's say I want to own Tesla but can't stomach paying 100X earnings or whatever it is nowadays. And further let's say I think a fair price is 75x earnings. Just to use random round numbers. One could buy Tesla with $100 and then use options to short NIO for $25 of notional exposure. Or some other electric car company that you feel is "inferior" to Tesla. So worst case is Tesla drops and NIO doesn't, ok sure. But I think more realistically in a downturn your Tesla position is hedged to your "fair value" price, and perhaps the more volatile hedge company pays off even further.

Unless the wholly owneds are faltering and the investment portfolio is balancing it out? Also I bought Brk calls yesterday.

Too bad, that would have been very good for Visa IMHO.

That is surprising considering excess deaths seem to be rising in NYC.

Anyone know a good resource to get addresses/zips of properties owned by these REITs?

Thanks for the reminder on the expanse! I wasn’t aware season 5 was out. Great series.

I prefer that phrasing as well :)

Theoretically yes as near term cash flows of value stocks are more valuable (relatively) with higher rates

As someone who is 40% cash or so, I really appreciate the thread. I think the businesses I was buying in 2020 are pehaps higher quality on the average, but the price:value ratio has really gone out of whack. I will particularly look into the multi-fam REITs. I am not so great in the REIT space, are these best held in tax-deferred accounts due to the divs/distributions?

Congrats to her! I know nothing about music but I thought it sounded really good. Really impressive for a teenager!

Interesting company. Thanks for sharing. It also has an interesting valuation - roughly 50x forward revenue ( give it take). The Motley Fool Industryfocus Podcast discusses AI in their 12/4 episode. Valuation? What’s that? :D

Interesting company. Thanks for sharing.

Disagree on the classification on #1. They will sell when their life goals are met and they realize that to buy a home, car, etc....all will need dollars. I read a post on Reddit a few days ago, guy made a few 100k on Bitcoin over 8 or so years and sold to pay off his parents mortgage, buy them a car, give them a nest egg, plus some for himself. Maybe a moot point in the grand scheme but just saying, you may be a monetary anarchist until you need a roof :)

It's my understanding it gets VERY complicated if you're not converting ALL traditional IRA assets across all accounts. Had to convert my own rollover IRA in 2020 to facilitate backdoor conversions myself. I can't walk you through the specifics of the complexities, but ultimately agreed with my accountant it wasn't worthwhile to try to do partial amounts and converted the whole thing to avoid future headaches. That's right - there is a somewhat complicated method the IRS uses to assess taxes if you have, say 100K of total pre-tax IRA funds across accounts, and are converting a portion (say 6K) to a Roth IRA.

Bought Berkshire. When there’s trouble in the kingdom, retreat to the castle!

This is a poll to record forum member's cash balances as a percent of investable funds. Although I suppose you can define that however you would like (e.g. whether to include retirement accounts, mortgages, etc.). I also made the votes changeable, so it can be updated over time. Personally I am just under 50% cash, hopefully Mr. Market presents opportunity to dramatically reduce that as I prefer to be fully or almost-fully invested.

No worries - just sent you a PM. This guy was recommended by a friend, she consults over at MS and says he’s legit. She generally has her head on her shoulders so I trust her, hopefully it works out.

Do more cocaine?

Sent you an email (hit the wrong button) if you don't get it let me know I can properly send a PM :D

Ok that makes a lot more sense - thanks for providing the context. I wonder what the price:TAM is for a bridge in Brooklyn?

Castanza, I was going to post the same thing. I saw it on reddit/securityanalysis yesterday :D It is an interesting read to hear his thoughts, particularly the bit on "fundamentals", where in my opinion he somewhat contradicts himself: And then in the very next paragraph: I think he is partially right and partially wrong. How can he say fundamentals are merely metrics used to sell stock, when he asks the same question to private investors. Asking "how soon can I get my money back?" and ignoring earnings or sales ratios is kind of silly. BTW, have you or anyone read the book he recommended, "The Number by Alex Berenson"? Probably I should post in the correct forum.

Thanks for the update. What does it say when Berkshire, Amazon, and JPM cannot "disrupt" a certain industry?

Maybe I am wrong. I thought you could not make contributions until the loan was repaid? My mistake! Looks like I was incorrect.