How to Invest in a Business That's Outside of Your Circle of Competence

Don't invest if it's outside your circle of competence like that still applies in this situation. Multiple bidders for a business just with my experience with merger workouts that's a really good sign. The downside has to be reasonably protected and I'm willing to have a small loss on the table if the odds are right but I can't have a big loss or a small loss that won't eventually be recouped. Leaps and options cannot represent more than 25% of the bet so you know hey you check your greed yet you start doing things involving options, they're going to mess with your judgment.