Let's consider a long gamma position in SPY, established now. For argument's sake, we'll say that position costs you $500 per day in decay. That means that if absolutely nothing happens today, no price change, no volatility change, your position will lose $500 today. But, all hope is not lost. ... Read more

Berkshire Hathaway (BRK) And then God saw it was the best value in town and publicly mused about if he should buy himself. Warren Buffett the world’s most successful investor is thinking aloud that he should buy back some more of his own shares because they are undervalued. But first he would make ... Read more

Clusterstock may have outdone themselves with their great look at Warren Buffett's previous articles. One in 1974, one in 1979, one in 1999, and then a recent opinion-editorial in the NY Times. Buffett Calls The Market Again...And He's Never Been Wrong : "...who is Buffett, anyway? How do we ... Read more

Clusterstock did it again. They found another really cool article. This is the transcript of Buffett on CNBC: That Awesome Warren Buffett CNBC Interview (courtesy of Clusterstock): "It's a tall order to get up at 5am and speak for three hours and never say anything that isn't wise, charming, ... Read more