Originally Posted by whacked
Easy tiger, the Buffett comparison only concerns your walk in the park 15% annual returns. Say you put in the SF minimum of $100K now at age 20, by the time you reach WEB's current age, your net worth would be a mere $440 MILLION. And since getting 15% IRR is so EASY, my advice is to reach for something more challenging. A 20% per annum return (moderately easy, right?) would take you where few men have reached. Why not drop out of college now? Even if striking out on one's own is not your thing, fund managers would lust after your investing skill like they do after NY museum board seats.
Are you unfamiliar with the huge change in the way that trading works at the institutional level? Between the volume and regulations, it's not possible to simply scale up retail investment work.
I've known plenty of people who wrote options and got slaughtered when the market changed. I don't think the real risk of writing options is truly understood by most amateurs.
Limited return, unlimited risk assuming that they aren't covered by owning the underlying, or not protected against by another option component. A naked write of any sort is incredibly dangerous and quite simply shouldn't be done.