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Berkshire Hathaway Inc. Message Board

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  • astral_tsar astral_tsar Dec 26, 2003 10:01 PM Flag

    On different kinds of leverage

    Yeah ... that is sort of what scares me about that idea. You can cook up a bet at 6:5 odds or something, and yeah, you usually win. But that doesn't tell you much until you've done it a couple dozen times.

    So suddenly everybody I talk to is selling options. I feel like a dinosaur: analyzing stocks full time and I don't even have an opinion on what my friends are playing.

    But an opinion is slowly growing ... The last time I felt like such a dinosaur, everybody had doubled their money in dot-coms and telecom.

    :-(

 
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