patri_friedman2 comments on Investing for the Long Slump - Less Wrong

8 Post author: Eliezer_Yudkowsky 22 January 2009 08:56AM

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Comment author: patri_friedman2 22 January 2009 05:55:13PM 1 point [-]

To concur with some others: write covered calls, preferably long ones to minimize your exposure to short rallies. This will give you a steady stream of income. If reinvested, it might yield 100 : 1. 128:1 would be 7 dblings, so in 30 years, that requires dbling every 4 years, so 18%/yr. Writing covered calls in a flat environment can easily generate that.