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Interesting. I've never heard of that model. So what Munger is implying is that by the 80s even Buffett wasn't beating the market but was leveraging his money f
by deeg 1y ago
Interesting. I've never heard of that model. So what Munger is implying is that by the 80s even Buffett wasn't beating the market but was leveraging his money for gains. Thanks!
- Flatcircle 1y agoSorry I didn’t mean Buffett and munger used the option pricing, I mean regular people did. They also got more money by buying up insurance companies and investing the float
- tim333 1y agoBuffett did one time write some option but he got a lot of grief from the credit rating people over it.