The Old Man's Still Got It: Warren Buffett's Berkshire Hathaway Hits an All-Time High, But Is Still Vulnerable To a Fed-Induced Bear Market. How To Protect It.

benzinga2022-01-18

"He's old, and he's washed up." Dave Portnoy on Warren Buffett, June 9th, 2020 (screen capture via Twitter).Berkshire Hathaway Hits An All-Time HighBack in June of 2020, Dave Portnoy was a few months ...

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JL1Apr
2022-01-18
JL1Apr
He once said "Only when the tide goes out do you discover who's been swimming naked." It's time to prove he is right again. Cathie had been swimming naked.
JL1Apr
2022-01-18
JL1Apr
He once said "Only when the tide goes out do you discover who's been swimming naked." I think it's time to prove he is right again. Cathie was swimming naked.
Winstonlou
2022-01-18
Winstonlou
Like and comment
- Winstonlou:
  Comment
- Winstonlou:
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- Winstonlou:
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robot1234
2022-01-18
robot1234
My respect to the Old Man. He has proven beyond doubt to be the best.
- robot1234:
  Tks all for sharing
- robot1234:
  Tks all for sharing
- robot1234:
  Tks all for sharing
- cutieee:
  A long-in-hiding former intelligence officer goes on the run when his identity is compromised. Excellent pursuit procedural, strong on plausible detail and on cool rational action throughout. Plenty to appreciate in the approach, and in the confidence on display in both protagonist and author. Recommended.
- BecauseOfYou:
  The Old Man rips along with plenty of typical tradecraft details, wet work and disguises, but also takes a breather with interludes in Chicago for the old man to find romance . . . Then it's back to dodging and killing with enough plot twists to keep the train rolling down the track. Perry's a real pro . . . A smart, well-paced thriller

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How To Protect It.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-18 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/22/01/25076154/the-old-mans-still-got-it-warren-buffetts-berkshire-hathaway-hits-an-all-time-high-but-is-still-vul><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"He's old, and he's washed up.\" Dave Portnoy on Warren Buffett, June 9th, 2020 (screen capture via Twitter).Berkshire Hathaway Hits An All-Time HighBack in June of 2020, Dave Portnoy was a few months ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/22/01/25076154/the-old-mans-still-got-it-warren-buffetts-berkshire-hathaway-hits-an-all-time-high-but-is-still-vul\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRK.B","symbol_name":"伯克希尔B","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/22/01/25076154/the-old-mans-still-got-it-warren-buffetts-berkshire-hathaway-hits-an-all-time-high-but-is-still-vul","article_id":"1119480541","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119480541","pubTimestamp":1642463205,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"\"He's old, and he's washed up.\" Dave Portnoy on Warren Buffett, June 9th, 2020 (screen capture via T","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"translate_title":"这位老人仍然明白：沃伦·巴菲特的伯克希尔B创下历史新高，但仍然容易受到美联储诱导的熊市的影响。如何保护它。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9},"content_text":"\"He's old, and he's washed up.\" Dave Portnoy on Warren Buffett, June 9th, 2020 (screen capture via Twitter).Berkshire Hathaway Hits An All-Time HighBack in June of 2020, Dave Portnoy was a few months into his day trading career. Portnoy had started trading after COVID lockdowns shut down sporting events, keeping him from sports betting (his company, Barstool Sports, has a sportsbook betting app). At the time, Portnoy compared Warren Buffett's investing acumen invidiously to his own.Since then, shares of Buffett's holding company,Berkshire Hathaway, Inc.(NYSE:BRK-A), (NYSE:BRK-B) have handily outpaced theSPDR S&P 500 TrustSPY+0.05%and Barstool's parent companyPenn National Gaming, Inc.PENN-2.8%, on their way to a new all-time high.Berkshire Isn't Bear Market-Proof ThoughAfter Lehman Brothers went bankrupt on September 9th of 2008, Berkshire Hathaway shares rallied for a couple of weeks before joining in the 2008-2009 bear market.Although bear market warnings have vastly outnumbered actual bear markets over the years, the current market environment of high valuations combined with high inflation and rising interest rates suggests that stock market investors ought to be concerned about downside risk now. Below are a couple of ways of staying long Berkshire while limiting your downside risk in the event we head into a bear market over the next several months.Downside Protection For Berkshire HathawayLet's say you own a thousand shares of Berkshire Hathaway Class B and you can tolerate a 20% drawdown over the next several months, but not one larger than that. Here are two ways of doing that.Uncapped Upside, Positive CostAs of Friday's close, these were the optimal puts to hedge against a >20% drop in BRK-B by mid-June.This and the subsequent screen captures are via the Portfolio Armor iPhone app, but you can also scan for optional hedges with our website.The cost here was $3,350, or 1.03% of position value (calculated conservatively, using the ask price; you can often buy and sell options at some price between the bid and ask). That cost is pretty low. By way of comparison, the cost of hedging SPY against the same decline threshold over the same time frame was 1.25% of position value.Capped Upside, Negative CostIf you were willing to cap your possible upside at 11%, this was the optimal collar to protect against a >20% drop over the same time frame.Here, the cost was negative, meaning you would have collected a net credit of $880 when opening this collar, assuming you placed both trades at the worst ends of their respective spreads (buying the puts at the ask and selling the calls at the bid).Something to consider if you're long Berkshire shares and want to limit your downside risk.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":697625510,"gmtCreate":1642465907541,"gmtModify":1642469934593,"author":{"id":"4095856449653620","authorId":"4095856449653620","name":"JL1Apr","avatar":"https://static.tigerbbs.com/fa696d7e42a997dc2a7b18b5382eab83","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4095856449653620","authorIdStr":"4095856449653620"},"htmlText":"He once said \"Only when the tide goes out do you discover who's been swimming naked.\" It's time to prove he is right again. Cathie had been swimming naked.&nbsp;","listText":"He once said \"Only when the tide goes out do you discover who's been swimming naked.\" It's time to prove he is right again. Cathie had been swimming naked.&nbsp;","text":"He once said \"Only when the tide goes out do you discover who's been swimming naked.\" It's time to prove he is right again. 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He has proven beyond doubt to be the best.","listText":"My respect to the Old Man. He has proven beyond doubt to be the best.","text":"My respect to the Old Man. He has proven beyond doubt to be the best.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/697665720","repostId":1119480541,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7199007,"gmtCreate":1642805154686,"gmtModify":1642805154719,"authorId":3561596430587504,"author":{"id":3561596430587504,"idStr":"3561596430587504","authorId":3561596430587504,"name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697665720,"type":1,"supId":0,"prevId":0,"content":"Tks all for <u>sharing</u>","text":"Tks all for <u>sharing</u>","html":"Tks all for <u>sharing</u>"},{"id":7199006,"gmtCreate":1642805131696,"gmtModify":1642805131726,"authorId":3561596430587504,"author":{"id":3561596430587504,"idStr":"3561596430587504","authorId":3561596430587504,"name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697665720,"type":1,"supId":0,"prevId":0,"content":"Tks all for <u>sharing</u>","text":"Tks all for <u>sharing</u>","html":"Tks all for <u>sharing</u>"},{"id":7195833,"gmtCreate":1642719225361,"gmtModify":1642719225449,"authorId":3561596430587504,"author":{"id":3561596430587504,"idStr":"3561596430587504","authorId":3561596430587504,"name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697665720,"type":1,"supId":0,"prevId":0,"content":"Tks all for <u>sharing</u>","text":"Tks all for <u>sharing</u>","html":"Tks all for <u>sharing</u>"},{"id":7194625,"gmtCreate":1642679485704,"gmtModify":1642679485704,"authorId":3479274690190267,"author":{"id":3479274690190267,"idStr":"3479274690190267","authorId":3479274690190267,"name":"cutieee","avatar":"https://static.laohu8.com/picture12","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697665720,"type":1,"supId":0,"prevId":0,"content":"A long-in-hiding former intelligence officer goes on the run when his identity is compromised. Excellent pursuit procedural, strong on plausible detail and on cool rational action throughout. Plenty to appreciate in the approach, and in the confidence on display in both protagonist and author. Recommended.","text":"A long-in-hiding former intelligence officer goes on the run when his identity is compromised. Excellent pursuit procedural, strong on plausible detail and on cool rational action throughout. Plenty to appreciate in the approach, and in the confidence on display in both protagonist and author. Recommended.","html":"A long-in-hiding former intelligence officer goes on the run when his identity is compromised. Excellent pursuit procedural, strong on plausible detail and on cool rational action throughout. Plenty to appreciate in the approach, and in the confidence on display in both protagonist and author. Recommended."},{"id":7194622,"gmtCreate":1642679425091,"gmtModify":1642679425091,"authorId":3479274781436276,"author":{"id":3479274781436276,"idStr":"3479274781436276","authorId":3479274781436276,"name":"BecauseOfYou","avatar":"https://static.laohu8.com/picture117","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697665720,"type":1,"supId":0,"prevId":0,"content":"The Old Man rips along with plenty of typical tradecraft details, wet work and disguises, but also takes a breather with interludes in Chicago for the old man to find romance . . . Then it's back to dodging and killing with enough plot twists to keep the train rolling down the track. Perry's a real pro . . . A smart, well-paced thriller","text":"The Old Man rips along with plenty of typical tradecraft details, wet work and disguises, but also takes a breather with interludes in Chicago for the old man to find romance . . . Then it's back to dodging and killing with enough plot twists to keep the train rolling down the track. Perry's a real pro . . . A smart, well-paced thriller","html":"The Old Man rips along with plenty of typical tradecraft details, wet work and disguises, but also takes a breather with interludes in Chicago for the old man to find romance . . . Then it's back to dodging and killing with enough plot twists to keep the train rolling down the track. Perry's a real pro . . . A smart, well-paced thriller"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1119480541"}