No. of Recommendations: 1
Every now and then an old timer reminds me of something so funny I have to tell the story for the new kids on the block.
20 plus years ago a market expert in foolsville told me, "Don't worry about the stock's price, just calculate what you think is IV, multiple that number by the number of brka shares I own, and that's my IV NET WORTH, that's what matters. I responded, will banks lend me money based on my IV net worth? Can I pay the kids college bills with IV net worth checks? Most importantly, I asked, if I visit the Chicken Ranch or Crazy Horse, will the dansin girls take IV net worth checks from me? That didn't offend Hbird, that's all that mattered to me, IF it offended anyone why not put me on iggy 25 years ago?
Did anyone but me inform the guy that computing my IV net worth was ridiculous, of course not! I'm still about 20 percent brkb tho I'm short the calls, I wonder what my IV net worth is today?
yo, very stable genius, UCMTSU, thanks for decades of laughs old bud.
Perhaps that poster is right, maybe I should write a book, brkvilles greatest posts, and my responses to them, but I have no idea if the fools deleted all my posts?
Some of you would be shocked at who posted on that Fools board, reached out privately and how much AUM they had.
