After last week’s letter which placed an absolute universal understanding that no matter what one’s circumstance is, money = value.
With that said we weren’t surprised when we saw this article on Zhedge about Chinese oligarchs and their kids living in Canada spending $3.8m on a new Bugatti, then having the audacity to complain about the $522k in taxes. If you haven’t figured out by now just exactly what has been going on over the last decade, well then you haven’t been reading our letters.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THERE IS AN UNLIMITED RISK OF LOSS IN SELLING OPTIONS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES AND OPTIONS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.