Risk Reversed
MRKT Matrix
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The S&P 500 - What Was Your Enjoyment of Choice Back Then?
Carter: My bias is stay on the cautious side, continue to be risk-averse and that even if it's not down or down a lot, the prospects of up big seem small. The Munger was like me trading his bar mitzvah money when he was seven or eight years old. He might have started trading the S&P 500 back in the day. We used to sort of trade bubblegum cards. That's what we used to do. It leaves us with a muddle, a market that basically chops or I think goes lower, but nothing that would suggest hay off to the races.
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