Math Reference Risk Management Tax Planning 
The Big Picture
AUGUST 15, 2023
He made a statement in that letter really referring to Berkshire having underperformed for the first period of time, that even in periods as long as 10 years, your results can be heavily influenced by the starting point or the ending point. It’s part of their own tax planning. SEIDES: Correct. I like Buffett’s idea.
The Big Picture
OCTOBER 3, 2023
It’s, it’s no different But, but inherently in futures, a whole lot more leverage, a whole lot more risk. How fundamental was that to your learning about investing, trading risk management, starting with futures? You’re doing a lot of math in your head on the Fly. That’s what I was referring to.
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