Stories like this one are more common than rare, nothing new here. I welcome market liquidity, whether is a 23 year old kid or an old lady trading her pention, in the end the money I make comes from others. Trading is not exactly the place I make good deeds, for that I got much better ideas. The market is not for Mother Theresa.
Evidently it stands for range controlled geometry as in the title of his journal which is where it started. It got kicked to chit chat when he started playing lose with the truth like a politician.
Buffett buying the top again; just as with his short puts in 2007. 25x earnings for HNZ? GOOG's multiple.
Given the low VIX environment we are in, an annualized return at year end of up to 30% may be reasonable. I'll call the 30 - 40% area a risk management and skill dependent... "grey zone". Beyond 40% and you are probably using excessive leverage and/or taking too many chances on long shot bets. The higher the % goal, the lower the "probability" of actually achieving that objective. When the VIX rises I'll adjust my percentages accordingly.
On the surface it looks interesting for BRK to make such a move. Marcel Telles is very sharp and I suspect there is some rollup potential here or other strategic positioning that somehow justifies the premium.
it's ketchup and tater tots. http://www.heinz.com/our-food/key-brands.aspx BRK is trading at 20x and paying 25x for HNZ and not using stock. Shares will be in the mid-80s in a year (BRK_B).