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  • Buffett's Gamble: $40 Billion Bet on Volatility  [View article]
    About a month ago? You might want to check your dates on that. I believe he sold those puts many months ago, when the indexes were near their peak.

    He needs a 100% return bull market for those puts to not be in the money. Very doable, I agree, but keep in mind the crash in 1932 took some 15 years to return the previous peak.
    Nov 21 20:29 pm |Rating: +2 0
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