Jun

17

Selected tweets, June 11

June 17, 2021 |

Vic's twitter feed

nothing about options trading — except it emphasizes a point i made in edspec that you should never trade an inactive market, you should never trade where the vig is large, and you should never trade with a few men named doc who worked at the same hospital.
 
the sander introduced the meeting and said that he met many traders who noted the implied volatility being much too  high. "to a man" he said, "all of those former traders have gone belly up." i referred to Jean Valjean at the trial of a criminal who was going to be falsely accused of stealing the candlesticks. i also referred to davy crocker sending out 5000 posters to his constituents acknowledging that he made a terrible mistake in voting for funds for a georgetown fire.
 
Not Yours to Give (the Davy Crockett story)
 
The one good thing that happened was that Dr. Merton the sociologist father at 80 years old wrote to me afterwards and asked me for the reference to the davy crockett story so I met him.
 
The only good thing that came out of my poker playing was that I visit the gamblers book shop in vegas whenever i go there. artie bailed me out of a $1000 loss in college and he had to go to the credit union to do it.

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