Option Trading Articles: Re: [TheOptionClub.com] Warren Buffett

Sunday, May 24, 2009

Re: [TheOptionClub.com] Warren Buffett - altered put options this week?

Thanks Enrico,

I feel like I've done everything wrong for the past 10 years.
In 1993, I went to a seminar by an investment guru. He had a guest speaker - Harry S. Dent, an economist who has written several books.

The basic premise of Dent's study is that the baby boom generation has driven growth in the economy in various sectors in a very predictable pattern. Now, we are at the end of the baby boom,s peak spending years and fundamental changes to the U.S. economy will be the result. Real estate prices are predicted to fall 40 to 60%. The stock market will sustain another assault bringing it down to 3800 to 5000 level.

I followed that advice for most of the 1990's. Unfortunately, I didn't keep his forecasts in mind during the past 8 or 9 years, resulting in bad decision making.

However, I know that there are always two sides to every trade. I'm just hoping I can be on the right side of the trading opportunities that will present themselves in the next few years.

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