The Option Addict is absolutely slaying the market. I tip my top hat to all of his minions who’ve joined his service and made triple digit returns. HOWEVER, and I am sure he’d agree with me when I say: you’re all behaving like spoiled brats, filled with hedonistic hubris.
I don’t mean to single any one out, but that’s exactly what I intend to do. You speak of “not being satisfied with 20-30% returns anymore” and that if “the gains are less than triple digits, they’re simply not worth my while.” Pardon the paraphrasing; it sounds better when I write it.
Do yourselves a favour and check that happiness at the door. Very soon you will be sucking from the tail pipe of an oldsmobile, as Congress tosses you under it. Do not, for a second, believe that they are responsible stewards with our money.
Being 75% invested without hedges, I stand to lose coin, just like you. The only difference is, I am prepared for that eventuality and will not draw down 20-90% on the next leg lower–if it even happens.
Comments »