Great. Twelve months worth of track record of writing naked puts during a bull market? Buffet is going to be shaking. You're lucky you started in 2006 and not in 2001 or 2002.
BRK A 8/97 8/07 Price $41,300 $ 120,800 8/02 8/07 Price $75,600 $120,800 Sideways....???? Do the math. genus cheers john
How about these two mutual funds? They are doing 107% per year returns! CACFX 107% returns 12 months DPCRX 103% returns 12 months I think Warren Buffet should invest in them first. You probably never heard about these either? How sweet my friend. I do 100% per year just like them. Making 6-9 % every month with simple clean strategies.
Oh MAN Did you know that if you had a time machine you could be the richest man in the world by investing in things when it bottomed and then selling at the absolute top. WOW WE SHOULD ALL DO THAT Oh wait, you can't Give me P&L that beats Buffet, I'm still waiting...
Sweet. CACFX has almost no record, and DPCRX didn't do much for several years until the China bubble came. There were plenty of funds that did 100%+ returns in 1998-2000. Just not many of them were around by 2002. Lets see how these funds do in 5 years. Buffet has quite a bit of history on his side.
CACFX and DPCRX both have records. I can quote you 50 mutual funds that are doing 50% returns a year. Now Warren Buffet can do better than them?
Why would I write naked puts in a bear market? I would be writing naked calls and bear spreads. Same deal. The harder they fall better it would be.
But the point is, Buffet has consistent returns for many many years on end. Many of these mutual funds that have done phenomenally have bet the house on a speculative bubble, and just like many of those in 1999 -- they will end up losing most of their investors money once the bubble deflates (or worse, pops). I am sure there are funds that have a better historical performance than Buffet short term -- but you will be hard pressed to find many that have survived 30 years with consistent numbers. It is unfair to compare Buffet to sprinters when he admits to being a marathoner.