Buffett's Gamble: $40 Billion Bet on Volatility
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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.
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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.
Nov 21 20:29 pm
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All Comments by jcrash »Buffett's Gamble: $40 Billion Bet on Volatility [View article]
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.