Quote from: jojo69 on January 10, 2018, 05:05:34 PM

tulips

I'm not worrying about the current pullback or sideways motion. I'm confident we're headed higher in 2018. Possibly much higher.

The medium-long term future, however, now that gets me thinking. In today's finance news there was ample coverage of both Buffett's and Munger's words. None of them mentioned tulips, but the meaning was clear. I sure imagined their stance on the matter - it's old school finance, for Satoshi's sake! And the guys are not exactly techno-savvy millennials, either. But I don't know why - Buffett's calm, grandfatherly words, spoken with a good-natured smile, unsettled me much more than scumbag Dimon's outburst.

Grandpa Warren said he's not interested in shorting, of course. Why would he? It's finite upside vs infinite downside, and he knows. However, he would like some 5 year puts at a strike price near the current spot, if they existed. What made me cringe was my own thought: "Oh how nice! I'm gonna get some now too... oops, there is no such thing."

Please tell me I'm wrong, or it doesn't matter, or whatever. Explain me why I'm wrong or it doesn't matter, or whatever it is.

Thank you.