Microsoft booth at the 2010 Consumer Electronics Show (photo via the Seattle Post-Intelligencer).
A Hedged Portfolio Around An MSFT Position
Last August, I wrote about the performance of a bulletproof, or hedged, portfolio built around a position in AT&T (T) in 2017 and presented a new one, which completed last month (each portfolio lasts for six months). Following that, I began presenting hedged portfolios built around other, putative conservative stocks, including Microsoft (MSFT) in mid-December. Let's see how it's doing three months in, given the excitement with MSFT and