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Northwest Missouri | Went to a meeting last week where the speaker owned a marketing advisory service, and he was pretty entertaining. His view was that options (mostly puts) were what farmers should be buying, and that farmers should basically sell cash grain and reown with call options, reason being that the market always rallied when farmers bins were finally empty. What I found most interesting was his personal story - he said he had gone to med school, dropped out after a semester, bought a seat on the CBOT at 22, the youngest ever at the time, and made a living trading there and eventually for a time overseas before having 4 heart surgeries and 2 divorces. I'm sure he was very knowledgable about the business, but seemed he had paid quite a price for his experience. | |
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Interesting Speaker the other day
