There's a terrific aside in Buffett's 2012 (I think?) annual letter about creating a synthetic dividend by *gasp* selling shares. I'll try to write about it soon. This derivative income stuff is getting out of hand.
Thanks, Brent. As we often talk about, dividends are just a component of total return and are comparable to realized long term gains on an after-tax basis. But with gains, the investor gets to control the timing and magnitude. I'll keep beating this drum as I know you will as well.
There's a terrific aside in Buffett's 2012 (I think?) annual letter about creating a synthetic dividend by *gasp* selling shares. I'll try to write about it soon. This derivative income stuff is getting out of hand.
Thanks, Brent. As we often talk about, dividends are just a component of total return and are comparable to realized long term gains on an after-tax basis. But with gains, the investor gets to control the timing and magnitude. I'll keep beating this drum as I know you will as well.
Timing and magnitude optionality is 👌👌👌