6 ms·
If you're right, that's great news for you, as you can make tons of money buying Spacex puts
by rendang 4mo ago
If you're right, that's great news for you, as you can make tons of money buying Spacex puts
- UncleMeat 4mo agoNot if people continue to have the 100x premium on Musk. Puts only make sense if the market returns to rationality.
- echoangle 4mo agoMarkets can remain irrational longer than you can remain solvent. - John Maynard Keynes
- eudamoniac 4mo agoThis quote refers to shorting; it's not applicable to every bear position anyone ever attempts to take. You won't go insolvent buying puts.
- echoangle 4mo agoYou won’t go insolvent but you’ll consistently lose money every time the stock doesn’t go down.
- eudamoniac 3mo agoYep, and if you buy stocks you'll consistently lose money when the stock doesn't go up.
- echoangle 3mo agoOnly in opportunity cost, if you buy puts you actually lose dollars.
- moralestapia 4mo agoWhat a great quote man. First time I read something like this. And thanks for crediting the author, now I can go learn more about him.
- benrutter 4mo agoAnother great, if not so relevant quote from JMK: > My only regret in life, is that I did not drink more champagne
- cosmicgadget 4mo agoIf the market is detached from reality then you very much cannot. It's like you weren't even listening.