unrealized

“It’s just a huge amount of generated wealth that completely escapes taxation,” said Cristobal Young, a sociology professor at Cornell University who studies economic inequality, referring to unrealized capital gains.

The trade makes them feel good, as they reason they have protected their unrealized gains—even though such options are often priced in ways that require Armageddon to occur for them to prove profitable.

It’s a generous donation to your daughter’s education, if a sadly unrealized one.

Accounting rules require Berkshire to include unrealized gains and losses from its giant investment portfolio when it reports net income, meaning that short-term fluctuations in the stock market can cause big swings in quarterly income.

Specifically, it has cost about $50 billion in unrealized gains, with Apple stock reaching a record on Monday.