Ulverski Posted April 5, 2021 Share Posted April 5, 2021 (edited) 1 hour ago, DumDumInvestor said: Investing in Russia is insanity. Potential new war in Ukraine and sanctions. Any business in Russia can be easily destroy by Putin and his close friends. Checkout what happened with Durov, founder of Telegram or what happened with Chichvarkin, Michael Calvey and others. Checkout what happened with ruble in past 5 years add to this that Russia is more interesting in cheap ruble because it sells oil in $. In nearest couple of years 1$ will be 100 rubles, for sure. To invest in Russia you really need to know that market very well. Several Russian investors who live in Russia do not touch that market at all. I know quite well what happens there and I know the language and I would never invest in that country while there Putin in power. I'm aware of the risks. I'm Polish. We were 'Russophobes' before it became european trend. Don't know this stories, but the one with Yukos and Khodorkovsky isn't probably far away. Insanity is also investing in China. Yet Dalio, Munger, Buffet and Li Lu are doing it. Top tier investors will tell you that investing in US market at those levels is insanity too. Not to mention USD devaluation etc. IMHO there is no safe haven anymore (not from my perspective). I'm sure that if I keep my money on the bank account they will loose purchasing power at least 5% in a year. Thats the only guarantee I have. What I can do about it is to look for good businesses that I feel comfortable about. If 1$ will be 100 rubles than great. PhosAgro is selling in USD. Edited April 5, 2021 by Ulverski Link to comment Share on other sites More sharing options...
MattR Posted April 5, 2021 Share Posted April 5, 2021 13 minutes ago, Ulverski said: I'm aware of the risks. I'm Polish. We were 'Russophobes' before it became european trend. Don't know this stories, but the one with Yukos and Khodorkovsky isn't probably far away. Insanity is also investing in China. Yet Dalio, Munger, Buffet and Li Lu are doing it. Top tier investors will tell you that investing in US market at those levels is insanity too. Not to mention USD devaluation etc. IMHO there is no safe haven anymore (not from my perspective). The only thing I can do is to look for good businesses that I feel comfortable about. If 1$ will be 100 rubles than great. PhosAgro is selling in USD. Thanks for the info on Both businesses. Being from Austria, I am also sceptical of Russia, but I still am invested in Gazprom. Will buy more British American Tobacco today. Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 5, 2021 Share Posted April 5, 2021 Added some Ether... Link to comment Share on other sites More sharing options...
Mephistopheles Posted April 6, 2021 Share Posted April 6, 2021 (edited) On 4/3/2021 at 1:01 PM, wabuffo said: I like to sell at the money puts for stocks I like. In this case, the premium was too juicy to resist, and puts me into the stock at my buy price if I am put the shares I think one has to be very careful with this strategy. A closer look indicates that selling naked puts is almost always a bad strategy. 1) if one is selling puts at a strike price above one's estimate of IV, then one is not getting adequately compensated in terms of premium for the risk being taken. IOW - one is selling insurance way too cheaply. 2) if the strike price of the naked put is at or below your estimate of IV, then you are better off buying the underlying stock. Why bother with the naked puts in this case? There could be times where selling puts makes sense - but usually because someone like Buffett is accumulating the underlying stock. He has done this in the past when he believes he is buying a stock trading below IV and wants to lock in the price for continued accumulation beyond the immediate term of his buying (eg, KO in 1993-94 and BNSF in 2009-10). wabuffo I think selling puts can be beneficial in a situation where the IV is crazy high. Here you may not really care to own the stock but you can still make good money. For instance on Viacom last week I sold a few short term puts ATM $45 strike that expired last week and on. The one that expired last week I kept almost all of the premium as profit. The other one, expires on 4/23, I sold on 3/29 when the stock was $46, and today it closed below $43 yet I am still in the black. Most of the profit is from the IV collapse and some of it in the time value factor. (Though tomorrow I will probably be in the red). But, here's a stock which I think is ok to own at $45 but I am not thrilled about it. I am betting not on valuation, rather against volatility. Hoping to sell some $40s tomorrow depending on IV as CS and Nomura unwind. Edited April 6, 2021 by Mephistopheles Link to comment Share on other sites More sharing options...
Gregmal Posted April 6, 2021 Share Posted April 6, 2021 (edited) ^^Yup. I generally like to go anywhere from a week to maybe a month or so out, and 15-20% or so out of the money, at least on things I wouldnt mind being put, but yea. Selling puts like that is just playing dealer at the casino. Everyone I know was going crazy trying to figure out how to short or buy puts on GME the past 3 months. Answer was simple. Just sell puts. All day. Money in the bank. I remember getting like $5 per share for some April $20s back in early February. $4 for March $15 puts. Got 45c for some July $4 puts. 10c on the $1 puts. It was beautiful. Best part is when the stock went from $340 to $50 and the puts still lost 50%+ of their value. Edited April 6, 2021 by Gregmal Link to comment Share on other sites More sharing options...
shamelesscloner Posted April 6, 2021 Share Posted April 6, 2021 BABA... Charlie gave me the nudge I needed Link to comment Share on other sites More sharing options...
formthirteen Posted April 6, 2021 Share Posted April 6, 2021 More BABA. Now a full position. Link to comment Share on other sites More sharing options...
Fahrweid Posted April 6, 2021 Share Posted April 6, 2021 BABA followed Charlie in this Business. (Found it intressting bevor, but couldn't bring myself to pull the trigger... Thx Charlie) Link to comment Share on other sites More sharing options...
Longtermlens Posted April 6, 2021 Share Posted April 6, 2021 BABA - approaching full allocation for me. Link to comment Share on other sites More sharing options...
DooDiligence Posted April 6, 2021 Share Posted April 6, 2021 BABA because... Link to comment Share on other sites More sharing options...
Agrippa07 Posted April 6, 2021 Share Posted April 6, 2021 added to BABA Link to comment Share on other sites More sharing options...
Ross812 Posted April 6, 2021 Share Posted April 6, 2021 Added to BTI and RPAR. Added BABA a couple weeks ago - I want to be in the club too... Link to comment Share on other sites More sharing options...
wabuffo Posted April 6, 2021 Share Posted April 6, 2021 (edited) Keep in mind FWIW that Munger's foreign investments haven't done as well as his WFC, BAC, USB US bank investments (or that 10% corporate bond that he bought and sold). - Posco (PKX) - sold most of it at break-even to a loss. Did a writedown during his ownership for acctg purposes. - 005389.KS (Hyundai Pfd 3) - sold all of it at a loss. Did a writedown during his ownership for acctg purposes. - 1211.HK - his initial purchases back in 2011 didn't do great and he wrote down most of it to FMV. Its performance has largely been due to its big pop in 2020 - otherwise its been "meh" for most of his holding period. He sold probably 15% of it last year IIRC (too early - before the pop). Probably sold another 25% this Q to fund the BABA purchase. Not saying it won't work out. Just pointing out the mixed-track record of buying/selling Asian stocks. wabuffo Edited April 6, 2021 by wabuffo Link to comment Share on other sites More sharing options...
Lakesider Posted April 6, 2021 Share Posted April 6, 2021 Bought more BABA Link to comment Share on other sites More sharing options...
Gregmal Posted April 6, 2021 Share Posted April 6, 2021 BABA is the new Verizon it seems. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 6, 2021 Share Posted April 6, 2021 Interesting crowd behavior. I don't think Munger would have anything to add that hasn't been discussed before as far as pro's and con's of BABA are concerned. Li Liu's opinion I think count's more. Link to comment Share on other sites More sharing options...
cubsfan Posted April 6, 2021 Share Posted April 6, 2021 On 10/28/2020 at 12:40 PM, wabuffo said: NVEC - small cap ($225m mkt cap). Consistent, after-tax net income margins of 45-55% year-after-year. Dividend yield of 8.5% currently. Nice, safe, boring, little Minnesota tech company. wabuffo Sold rest of NVEC today - thanks for the great idea Wabuffo! Link to comment Share on other sites More sharing options...
DooDiligence Posted April 6, 2021 Share Posted April 6, 2021 1 hour ago, wabuffo said: Keep in mind FWIW that Munger's foreign investments haven't done as well as his WFC, BAC, USB US bank investments (or that 10% corporate bond that he bought and sold). - Posco (PKX) - sold most of it at break-even to a loss. Did a writedown during his ownership for acctg purposes. - 005389.KS (Hyundai Pfd 3) - sold all of it at a loss. Did a writedown during his ownership for acctg purposes. - 1211.HK - his initial purchases back in 2011 didn't do great and he wrote down most of it to FMV. Its performance has largely been due to its big pop in 2020 - otherwise its been "meh" for most of his holding period. He sold probably 15% of it last year IIRC (too early - before the pop). Probably sold another 25% this Q to fund the BABA purchase. Not saying it won't work out. Just pointing out the mixed-track record of buying/selling Asian stocks. wabuffo I sized it accordingly (smallish at 1.6%) mainly because of the aforementioned issue re: Chinese ADR’s. www.reuters.com/article/us-usa-sec-foreigncompanies/chinese-tech-stocks-slump-as-u-s-sec-begins-rollout-of-law-aimed-at-delisting-idUSKBN2BG2AI I think it’s worth a shot since I missed out on Amazon. Link to comment Share on other sites More sharing options...
wabuffo Posted April 6, 2021 Share Posted April 6, 2021 Sold rest of NVEC today - thanks for the great idea Wabuffo! Link to comment Share on other sites More sharing options...
ourkid8 Posted April 7, 2021 Share Posted April 7, 2021 Additional BABA Link to comment Share on other sites More sharing options...
kab60 Posted April 7, 2021 Share Posted April 7, 2021 Planetel SpA, small Italian fiber telco which IPO'd in december. Insiders didn't sell a share and own most of the stock. User growth of 20 pct. in 2020, ebitda up 35 pct. y/o/y, long runway for growth and massive margin expansion yet trades at 6,5x21 ebitda versus local peer Intred which is closer to 14x. Analyst has it at 4,4x2022 ebitda. Potential multibagger with a combination of revenue growth, margin and multiple expansion. Link to comment Share on other sites More sharing options...
Castanza Posted April 7, 2021 Share Posted April 7, 2021 ETSY Link to comment Share on other sites More sharing options...
alpha Posted April 7, 2021 Share Posted April 7, 2021 Followed the crowd and started a small position in BABA Link to comment Share on other sites More sharing options...
nwoodman Posted April 7, 2021 Share Posted April 7, 2021 39 minutes ago, alpha said: Followed the crowd and started a small position in BABA +1 although purchase was via HKSE (9988.HK) Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 8, 2021 Share Posted April 8, 2021 Added to JBGS Link to comment Share on other sites More sharing options...
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