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Re: Do you believe in Buffet? I know I do...
Yes, he sold puts.
From the dollar amount involved, clearly there is significant # contracts and/or cash value involved - especially as nominal interest rates are very low.
Plus given the major inflation we're seeing now, obviously someone paid a big amount of money for some extremely high level of future index contract.
Sir Warren doesn't normally make bets - so I'm thinking it is an inflation vs. present low interest play.
Yes, he sold puts.
From the dollar amount involved, clearly there is significant # contracts and/or cash value involved - especially as nominal interest rates are very low.
Plus given the major inflation we're seeing now, obviously someone paid a big amount of money for some extremely high level of future index contract.
Sir Warren doesn't normally make bets - so I'm thinking it is an inflation vs. present low interest play.
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