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Justin Sullivan Introduction I have a confession to make... while I am primarily a long-only investor, from time to time, I will, on occasion, buy out of the money put options on select companies in an attempt to both capitalize on my high-conviction ideas and hedge my portfolio. I still believe the best way to build long-term wealth is to buy and hold the best stocks over many decades and that, for most people, options and short positions are a waste of time and money. This investment is an exception to that personal rule I've set for myself. As a...
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