alt Hacker NewsInteresting. I've never heard of that model. So what Munger is implying is that by the 80s even Buffett wasn't beating the market but was leveraging his money for gains. Thanks!
Interesting. I've never heard of that model. So what Munger is implying is that by the 80s even Buffett wasn't beating the market but was leveraging his money for gains. Thanks!
Sorry I didn’t mean Buffett and munger used the option pricing, I mean regular people did. They also got more money by buying up insurance companies and investing the float