
1997-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Importance of Leaps in Investments
Stanley Watkins: Would you consider investing in indexes such as OEX, pure speculation? And number two, would you encourage investors to use leaps on investments such as Coca-Cola instead of buying a stock? I think that that's a dangerous path to start down because if it works well, it's dynamite to start playing with things that can expire and become worthless or can be bought with very low margin. Borrowed money usually or frequently leads to trouble. It's not necessary. If you had some compelling reason... then I would head for the futures market. You have to introduce borrowed money. But you read out and figure out how you can be happy with the present amount of
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