#24: Fred Hickey On Trusting In Your Own Research And Experience
Superinvestors and the Art of Worldly Wisdom
The Importance of Long Stocks
When we got into the bubble period in the late 1990s, I wanted to be short. So I bought leap put options. And micron stock did collapse and I ended up getting all my money back and more. But it was a lesson. I don't want to short periods of time when credit is easy and people are acting like maniacs. In the late 90s, I never shorted a stock. I might have done one. It was all through put options. That limited my losses to whatever I was invested in,. And but it also gave me leverage if I was right.
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