Back to Where it Started

I paid my way in college by writing puts on the major indices a few days before October 19, 1987. That might not mean a lot to a lot of ya'll. But for the 'in-the-know' it means beating the pied piper at his own game. That game has always been my backup plan, knowing I got the gift or the guts to to take enough risk at the right time to win.

I love risk cause that's where most people are flushed out; where CAPM nerds are booted and 'corporate finance' students are not allowed. How many times have I heard: "Well, all the finance I learned in business school tells me that you have to do x, y and z!". No, shit!

Belivers in the Random Walk Theory or the Efficeint Market Theory are getting their butts kicked these days. And unfortunately that's the only thing they teach CFO wannabies. It's sad and quite encouraging; it means that I have an edge and most don't. Hit me baby, but just one more time!