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His comment about if you come back in ten years he might have another...

Is that a reference to his puts on S&P and other indexes?




My guess is that the bigger BH gets, the bigger that lost opportunity gets.


No, it is his usual humbleness. If you read his letters to the shareholders he is always willing to admit a mistake and is always tries to dispel all of the myths that he is some kind of an "oracle" that can see the future.


Right, but his puts run for another ten years, or thereabouts.

So when that time rolls around, we'll see if his big bet on derivatives was a mistake or not.

So I was wondering if he was alluding to that in particular.




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