No. of Recommendations: 17
it might take a little time (days/weeks/months) for that "Normalisation" of Price/BV to happen.
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Indeed. Agreed. It's just that it takes SO LONG to play out.Not always, though.
I bought a few BRK puts, primarily for fun, Aug 27 and 30. Mentioned in my thread "I can't believe I did that".
They are up 48.4% so far, enough profit to buy a Rolls Royce if I closed them now. (not a new one, but maybe this one
beverlyhillscarclub.com - Rolls royce silver shadow long wheel base c )
I wouldn't do that sort of wager with the whole of my portfolio, since a return of -100% is not unlikely, but I'm fine with a small position with what I think are reasonably good odds in my favour, and especially if it's not positively correlated with other stuff I've bought. When stocks go up, old Rolls Royces go down. When stocks go down, they also go down.
Jim
I love that ad.
"...currently not running, nonetheless has great potential...a perfect opportunity for enthusiasts..."
