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Strategies & Market Trends : Bear! -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (193)	11/19/2023 2:31:54 PM
From: Sean Collett	Respond to of 266

Puts should only be messed with if you're understanding what you're buying. I made money on the IWM + MGM ones I made, but I had a good feeling at the time I would be right and I was. I have also been wrong many times and get stopped out. Options are not like value investing even if you use the same criteria to identify what to buy. I opened puts again on Friday (after cutting some nice value wins from past few weeks) for the first time in a while and could very well be wrong here. Keep stops tight and that can help to minimize loss. I would never recommend options to though. Peter Lynch had a mindset of ignoring the noise and staying in, so it may serve you best to do so too. I on the other hand have a bear on my shoulder I cannot ignore at the moment. -Sean

To: Harshu Vyas who wrote (193)	11/28/2023 4:01:25 PM
From: petal	Respond to of 266

If you are buying & holding for the long term, you really cannot afford to disregard mgmt. Over time, that's what makes or brakes a business. (Unless they're some kind of monopoly, in which case absence of outright stupidity might be enough. (Buffett's idea about "only investing in businesses that are so wonderful that an idiot can run them, because sooner or later, one will"...)) Mgmt should be either obviously brilliant and honorable as individuals (and have an obviously good grasp of capital allocation (important!)), or the reported earnings should be brilliant enough to prove mgmt's brilliancy that way – but preferable both! “As times goes on, I get more and more convinced that the right method of investment is to put large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.“ – J.M. Keynes