SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Uncle Frank who wrote (1135)6/20/2001 7:09:38 PM
From: Stock Farmer  Read Replies (1) of 5205
 
UF: I don't understand your reference to borrowing... but since it's the same and that was my point I think I should concede <g>

Now I understand. I think you attach too much significance to being a clutcher of paper. But as long as you do, then I respect your right to do so.

I lived on a farm and it colors my thinking. Falling in love with the livestock is easy, but it's a bad idea. "Mom, can I have more Jason please?"

As to thinking like an owner, well you can do that even if you don't have a certificate. Given the nanopercentage of the company you might own it's not like your actual ownership makes a difference in the scheme of things.

Furthermore, Buffet's reference was in respect to picking which companies to invest in. Not in actually clutching the pieces of paper. And no mistake about it, CC or Put is speculation, not investing. It is a side show to the main event.

So I would say "think like an owner in selection of your capital. Now go forth if you would like and create an income stream in perpetuity by speculating on this capital. If you get called, don't worry. Just write puts until you get assigned. But if you feel like you MUST own the paper too, well feel free to pay the price and buy in the open market.

John.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News