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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Umm 🐝 HONORARY
SHREWD
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Number: of 15058 
Subject: Re: On Charlie Munger's centenary, and albatrosse
Date: 02/07/2024 6:18 PM
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No. of Recommendations: 1
"If you consider only the set of all standard traded option contracts, that is in aggregate a zero sum game."

Technically it would be a negative sum game after the rake (fees) by all participants is taken into account. Sure the fees are generally small and not everyone pays them, but they do exist.
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