This is going to be a time that tests people's conviction, and people have thought often of how much money they can make and not enough about the question: How much can you lose? I'm reminded of a great quote by Warren Buffett when he said: 'It's only when the tide goes out that you see who is swimming without a bathing suit,' Christopher Davis
Motivational, Inspirational, Funny Quotes
![[In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out.] The trouble with options, ... is that they allow management to get rich even if shareholders do lousy. - Christopher Davis Quotes](/pic/img/img.php?text=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&author=ICBDaHJpc3RvcGhlciBEYXZpcyAgICA=&num=8 "[In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out.] The trouble with options, ... is that they allow management to get rich even if shareholders do lousy. - Christopher Davis Quotes")
