RE: Charlie Munger And Bitcoin: At It Again
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Well all the old investment guys tend to think something very similar.
I don't think anything has changed but yea I think options tend to be gambling. If it doesn't move enough, you lose. If it goes the wrong direction, you lose a ton of money. But if it moves fast and quick, then you make a ton of money.
As for call options, I don't think its bad if it incentivizes the corporation to do well. There is no point in exercising an option that doesn't hit the target.
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Yeah from the company perspective and as incentive to employees and officers.
But to investors they are just speculating on a price move, either up or down.
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