follower assets

Welp, I just got kicked off Twitter for making a joke about Clorox earnings and drinking bleach 🤷‍♂️ Guess I'm here to stay, lol!
$SE lawsuit
$SE is being sued by the maker of the video game PUBG (Krafton Inc.) for copywrite infringement. Krafton is also suing Apple and Google for distribution of copywritten work. Sea Limited's Garena subsidiary produces Free Fire, a PUBG clone. Wikipedia has a couple nice articles on the history and case law regarding copywrite and video games. Looks like a publicity stunt/money grab by Krafton to me. Not material for investors, imo.
High IV Tickers
Interesting high IV stocks with liquid options I noticed today, for any premium sellers out there: $AAPL, $T, $XBI--I'll be trying to setup some iron butterflies/condors as my Friday evening entertainment.
Depends on the ticker, days to expiration, and risk/reward ratio (i.e. price). High IV gives you the ability to make them wider, and the tendency to become profitable faster. I rarely wait until expiration, and take profits at whatever level makes sense given the circumstances. Yes, I sell calls and puts to when appropriate.
View 1 more comment
The entire industry seems to have received an across the board sell-side downgrade. Guess analysts aren't foreseeing a BBB bill passing any time soon.
2021 Best Finance/Investing/Money/Business Books Thread
Inspired by @partnershipinv's book recommendations, I thought it might be an interesting idea to start a general thread of the best books folks read (or listened to) in 2021. No limits, but try to keep it to your absolute top picks, and try to keep it related to finance somehow, even if tenuously. These do not have to be published in 2021, just read last year. Include title, author, and interesting tidbits, if you like.

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness--Morgan Housel
~My #1 for 2021-Housel is such an excellent, insightful writer. Everyone should read this, not just finance geeks. Should be required reading for every high school/university student.

The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources--Javier Blas & Jack Farchy
~A mind-blowing account of the rise and significance of commodities trading. Fascinating.

Narrative Economics: How Stories Go Viral and Drive Major Economic Events--Robert Shiller
~An eye-opener. All active investors need to be aware of how narratives shape their own and other's decision-making.

Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts--Annie Duke
~Familiar behavioral finance ideas filtered through Duke's poker-playing experience. Interesting and accessible.
View 5 more comments
Favorite Trade of 2021
At the end of 2020 it was pretty clear that shipping (as in ocean-going ships) was finally going to have its day. Normally, I stay far away, as it's a weird industry with crummy economics and lots of shady financial antics, but I jumped in via $DAC, $NMM, $SBLK, and a couple of players in Thailand. These trades formed a significant portion of my short-term gains for the year. I've since switched to an adjacent, longer term hold, in $TRTN (shipping container lessor), which is my current second largest single stock holding.
A recent Twitter post by @charliebilello compared the 20-year performances of Berkshire and gold, which happened to be exactly the same.

The conclusion arrived at by @epsilontheory is that “There is zero alpha in possessing knowledge and expertise regarding the fundamentals of publicly traded companies. Zero.”

post media