Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (48206)	4/8/2004 11:38:55 AM
From: LLCF	Read Replies (1) of 74559

<I am not up to speed on it,> Obviously... and why understand it? Easier to throw mud and stomp your feet. Reality: You own lot's of puts in 'real life' through insurance vastly more overvalued than what I just bought. I own NONE of those and am in the enviable position to be able to self insure... saving sick amounts of money directly to the account, and buy undervalued puts on the S&P [and overvalued asset IMO, but you don't even have to believe that to see the beauty if you understand the situation] locking in value on both sides.... [EVEN THOUGH THE PROBABILITY OF OUT OF THE MONEY POOTS GOING IN THE MONEY IS ALWAYS < 50%] yum, maybe make even Jay enviable... although I wouldn't be surprised if he was actually SELLING insurance as well.... he, he....You 'Warren Buffet' Jay! I don't pay that much attention, too busy on the tractor and futzing with the Salmon habitat. :)) DAK

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