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Thats why I dismiss the 'brkb has underformed the S&P500 over the last 10 years' argument. The S&P500 has outperformed by becoming more and more expensive and dangerous. BRKB has lagged its growth of intrinsic value. Its getting close to the point where Buffett is a buyer. Downside much more...

Of course, doing it in a cheap stock protects your downside

The stock is still decently priced though. At about 10 earnings, as a long as they don't go into an outright decline, it is still cheaper than most others US stocks. Thats what one would have to figure out, is it possible that the whole smartphone thing will go into a multi year retrenchment...

Thats the thing, most people don't need a new smartphone, specially the ones that are higher priced and tend to last (as the iphones). Once people start to figure that out, AAPL will go to a new normal of expectations, that might just be the buy point for it

I'm a seller of BRKB puts on this open. AAPL is also an interesting pick for a market flush. I haven't done any work in the stock sinde 2013 when I was posting about it on SA. Maybe I should. Thing is, from the decline to $700 down to that low, the stock went a lot lower than most people...

And EVEN the CFC rules for br companies allow for deferral of taxes in profits earned in offshore subs. I believe they are forced to be taxed on 1/9 of the profits every year.

What you fail to comprehend is that CFC was created in 2014 (it did not exist before that) in Brazil for BR companies owning offshore entities. Individuals do not have CFC rules. That was explicitly removed from the bill by congress in 2014

If you do buy all of those things with after tax profits (from the salary) why would the tax man have any issues Your statements are just flat out wrong. Not only this is contradicted by tax attorneys (who are paid to research the law) but also by the executive order issued by the president...

Question now is at what level of the SPX does the Fed comes out saying they are not really sure about 4 hikes this year and this and that econ number is not good enough. I believe 1900-1950 is about right. Heck, they are probably having second thoughts already but if this markets flushes some...

With markets down here, the talk start to be of how big of a pause the Fed should stay on. Whole thing is a joke, both the fed and economists are driven by ES, even if they will pretend/think their motivations are driven by econ data

With markets moving to the lower end of the range idea I mentioned, im looking to get some bullish exposure in. Shorting BRKB puts (sold some yesterday), potentially selling bonds and bond futures I own and maybe adding to EWZ

its irrelevant. if you buy EWZ or the index in brazil, you are invested in the BRL. it doesn't matter if the quote is in another currency. they both give a similar exposure

BVSP is a total return index so it includes the dividend. Its also priced in BRL. EWZ is not a total return ETF, you get paid the dividend. Its priced in USD. That accounts for most of the difference. They do have differences in composition but its not huge, they tend to follow each other quite...

Another interesting situation is GLRE, the Einhron reinsurance company. He is having a bad year (down 24% I believe), the shares are down like 47% from the peak. I have an issue with this company that is preventing me from buying. I'm not seeing any insider buying, not from Einhorn, not from...

Thats why I believe the $121-$120 level will be hard to break. There will be guys like him and lots of others who will be tempted to buy along with Buffett. All the lemmings will be longing there. Downside is quite small if I get assigned at $125

This guy makes a similar case to mine for betting on BRKB http://seekingalpha.com/article/3782946-berkshire-hathaway-trading-at-an-estimated-11_6x-earnings-with-an-intrinsic-value-of-180-share I'm looking to add to short puts (Feb and March $125's) when the S&P500 comes back bellow 2050 and the...

The BK filling shows that they got more shaddy things going on. Maybe the want to pick up the drugs on the cheap and leave the company with nothing but the cash. Pretty weird that they would do this, the company has no liquidity problem. When it reopens I won't buy it. very sketchy things are...

To be honest, 4% is so small for the kinda of time frame RM was gunning for that I don't blame him for ignoring it. I short some stocks with 50-200% borrow costs, these ones I got keep an eye daily for covers and for changes in the rate, otherwise it just wipes out your edge

I believe the trader has to pay borrow fees until the trade is settled (T+3) so there might be more borrow fees to come

This is also an issue of 'trying to reach your full potential'. I know guys who make $500k-$5M a year day trading. I know how they do it too. A lot of the time we are in the same trades. Difference is they are way bigger and more importantly, they manage the trades better. So I feel like I have...