Black Swan


Just in case, I'm not making light of your inquiries. Understanding
your investments is a basic principle. When one tries to hedge a thin
tail without understanding how, look at the fat tail one is exposing
oneself to. It's self-defeating. IMO, hedging gets to the point of
betting all the numbers on a roulette wheel, to be sure you "can't
lose." Try re-reading on puts and calls, it really is not as
complicated as algebra. Movement is either up or down.
Reply to
Kim Kiesgen
on 8/5/10 6:38 PM Kim Kiesgen said the following:
But is the BS you are looking at the whole bird?
Reply to
Yadda

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