Post #5981 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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For example, shorting the VIX regularly (writing call options, say) will make money probably 99 times out of a hundred, but lose you 1000 times your usual bet that last time. Last, because you're unlikely to try that again.

Google "volmageddon xiv" and look at the images. XIV was the ETF following that strategy. Final day it was open, I think it was down about 94%.

<australian accent>
Hehe. That's not that a steamroller. THIS is a steamroller.
</australian accent>

Jim

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