4 ms·
Are you short these companies, then? Or are you buying puts?
by Eliezer 15y ago
Are you short these companies, then? Or are you buying puts?
- pron 15y agoI'd short many of them if I had the cash.
- redmondbarry 15y agoYou appear to subscribe to the shotgun clause school of economics. Do you not buy insurance? Do you buy lots of Powerball tickets when the jackpot gets large enough to make the average return exceed their cost?
- orangecat 15y agoThe utility of money is not linear across large ranges. Do you not buy insurance? I have insurance against catastrophic events, because incurring $100,000 in medical expenses is more than 100 times as bad as spending $1000 in premiums. I don't buy extended warranties. Do you buy lots of Powerball tickets when the jackpot gets large enough to make the average return exceed their cost? No, because winning $100 million isn't 100 times as good as winning $1 million.