No. of Recommendations: 15
Every day when I don’t get in a car wreck and my house doesn’t burn down, I don’t complain about the terrible bets I made with my auto insurer and my home insurer. Bad LOSING bets I keep making year after year. And unlike Warren I don’t get paid 4-5% for my bad bets.
When limited nuclear attacks don’t occur, when the bond market doesn’t blow up, when capital gains taxes don’t rise—Warren doesn’t complain. That’s not necessarily a bad thing—despite some very large bets he’s placed. You see, there’s this little $600-$700 Billion quietly positioned on the other side which mysteriously seems to be ignored by pundits.
Warren and I both hope to continue making losing bets for many years to come. Lose, baby, lose!
