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5min chapter
Asking Billionaire Investor - Andrew Wilkinson - How To Prepare For The Economic Collapse
My First Million
Do You Want to Buy Options on the Stock Market?
A lot of people are doing this thing where they're going, you know, interest rates were at 3%. I don't want to lock in and they're kind of anchored to that 3% thing. To me, it's about certainty. And so what ended up happening is we bought these put options. They went from being worth $500,000 to $7 million all of a sudden. We sell them, we cash in, we take $7 million onto our balance sheet. But except for 500 grand, we took out all the money and we lost everything.
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