K****D
发帖数: 30533 | 1 Arbitrage机会来了！
BRK.A YTD -22.26%
BRK.B YTD -26.23%
Long BRK.B and short BRK.A to earn 4% in several days! |
s**********n
发帖数: 868 | 2 You have enough cash to buy BRK.A?
【在 K****D 的大作中提到】
: Arbitrage机会来了！
: BRK.A YTD -22.26%
: BRK.B YTD -26.23%
: Long BRK.B and short BRK.A to earn 4% in several days!
|
K****D
发帖数: 30533 | 3 no. I am proposing to rich guys.
【在 s**********n 的大作中提到】
: You have enough cash to buy BRK.A?
|
b****e
发帖数: 460 | 4 很诱人，很贵
【在 K****D 的大作中提到】
: Arbitrage机会来了！
: BRK.A YTD -22.26%
: BRK.B YTD -26.23%
: Long BRK.B and short BRK.A to earn 4% in several days!
|
K****D
发帖数: 30533 | 5 //sigh, already no chance leh,
BRK.A +5.82% today, BRK.B +8.6% today.
【在 K****D 的大作中提到】
: Arbitrage机会来了！
: BRK.A YTD -22.26%
: BRK.B YTD -26.23%
: Long BRK.B and short BRK.A to earn 4% in several days!
|
u*****n
发帖数: 160 | 6 I did it yesterday. But the slippage is quite large during the trading day.
So, always have a large account and keep cash handy to snap "handy" profit..
.. |
h*******y
发帖数: 864 | 7 BRK.B is historically 1-2% lower than BRK.A because it does not have voting
rights etc. You can convert BRK.A into 30 BRK.B shares but you can not
convert it back.
By the way, Berkshire will issue its earning report and the chairman's
letter before the end of this week. I bet the earning would be terrible but
it would be again interesting to read its chairman's letter.
【在 K****D 的大作中提到】
: Arbitrage机会来了！
: BRK.A YTD -22.26%
: BRK.B YTD -26.23%
: Long BRK.B and short BRK.A to earn 4% in several days!
|
K****D
发帖数: 30533 | 8 I did a calculation, since inception, BRK.B's yearly return is about 0.8%
lower than BRK.A. The past 5 years they are almost the same.
voting
but
【在 h*******y 的大作中提到】
: BRK.B is historically 1-2% lower than BRK.A because it does not have voting
: rights etc. You can convert BRK.A into 30 BRK.B shares but you can not
: convert it back.
: By the way, Berkshire will issue its earning report and the chairman's
: letter before the end of this week. I bet the earning would be terrible but
: it would be again interesting to read its chairman's letter.
|
h*******y
发帖数: 864 | 9 I didn't mean that their return should be different. I am just saying that
BRK.B should offers a discount to BRK.A, it is normal to expect that
although the discount should be less than 2%. Buffett himself said in his
chairman's letter in 1999 that "We will favor purchase of the B shares if
they are selling at more than a 2% discount to the A."
http://www.berkshirehathaway.com/letters/final1999pdf.pdf
【在 K****D 的大作中提到】
: I did a calculation, since inception, BRK.B's yearly return is about 0.8%
: lower than BRK.A. The past 5 years they are almost the same.
:
: voting
: but
|
b****e
发帖数: 460 | 10 Can't agree more, the more I read this chairman, the more I understand
investment. The sad thing is that it seems he won't write a book about
investing and business himself. Though decades ago he planned to write a
book later in his life, but seems it's just a plan.
voting
but
【在 h*******y 的大作中提到】
: BRK.B is historically 1-2% lower than BRK.A because it does not have voting
: rights etc. You can convert BRK.A into 30 BRK.B shares but you can not
: convert it back.
: By the way, Berkshire will issue its earning report and the chairman's
: letter before the end of this week. I bet the earning would be terrible but
: it would be again interesting to read its chairman's letter.
|
K****D
发帖数: 30533 | 11 En, I agree there should be a reason for that.
But from an engineering point of view, since I claimed this arbitrage
at around 10:45 am 02/24/09, BRK.B has already outperformed BRK.A by
3.6%.
On the YTD chart, BRK.B still lags BRK.A by about 2.3%. There should
still be some room for the arbitrage to continue.
【在 h*******y 的大作中提到】
: I didn't mean that their return should be different. I am just saying that
: BRK.B should offers a discount to BRK.A, it is normal to expect that
: although the discount should be less than 2%. Buffett himself said in his
: chairman's letter in 1999 that "We will favor purchase of the B shares if
: they are selling at more than a 2% discount to the A."
: http://www.berkshirehathaway.com/letters/final1999pdf.pdf
|
K****D
发帖数: 30533 | 12 haha, BRK.B -4% today, BRK.A only -1.7%.
【在 K****D 的大作中提到】
: En, I agree there should be a reason for that.
: But from an engineering point of view, since I claimed this arbitrage
: at around 10:45 am 02/24/09, BRK.B has already outperformed BRK.A by
: 3.6%.
: On the YTD chart, BRK.B still lags BRK.A by about 2.3%. There should
: still be some room for the arbitrage to continue.
|
