April 1, 2019

The Last 12 Months Provides More Evidence of a Topping Process

"The Big Picture is that Mr. Market looks like it is continuing to undergo a topping process. The Near Term Picture remains uncertain. So, depending of risk appetite and timeframe - trade and invest accordingly."

via twitter

March 18, 2019

Long Amazon stock

"I made a mistake initially shorting $AMZN at $1000 and covered for a loss (but did make some profitable short trades in between) and reversed and went long in November, 2018 at $1388.
Unlike many/most I am transparent and document my losses as well as my wins."

via Twitter

March 8, 2019

A Trading Idea on Alphabet (Google)

Doug Kass via twitter

"I am laser focused on $GOOGL - which acts well on an absolute and relative basis vis a vis technology and other constituents in FANG.
The shares are now down by only -$7 (I added on weakness earlier this morning)."

"My guess is that if the market mounts any kind of a rally, Google could turn positive on the day.
For those that are aggressive I might look at the weekly call options that expire today."

March 4, 2019

Warren Buffett's Berkshire may deliver similar future results as an Index Fund

Doug Kass reflects on Warren Buffett's latest letter to Berkshire Hathaway Shareholders via twitter

Some Thoughts On Warren Buffett's Letter to Berkshire Shareholders

* Strong operating results seen, adjusted for the accounting (and loss) from marketable securities

* More flaws became apparent in the company's investing portfolio - as moats in several large positions have been damaged (most notably Kraft Heinz)

* As I did when I appeared at the company's Annual Meeting, I continue to (respectfully) question the investment process at Berkshire (that has, in certain high profile instances, failed to identify the loss of pricing power in a changing and more competitive business landscape)

* 2018 uncovered more evidence that Berkshire Hathaway has become so large that, going forward, it will continue to resemble an S&P Index Fund