children of an idle brain

Brent Cook on optionality

You may have seen this before (published April 20th) but reader ‘UT’ sent it over this morning and it’s a good reminder of the gaping hole of danger and value destruction waiting for those who think “optionality plays” are a sound way of investing. They’re not, they’re roulette gambling, so if you’re comfortable in casinos go ahead, don’t let me stop you.
The Cookie Monster also prefers gold over silver. Agreed on that too.

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