Quote from Tracy McGreedy:
Hedging your "reasonable longs" rising at single digit to teen % a year with a market like china that could rise 100-300% isn't a good idea. Bubbles usually get bigger, it starts to look like one of those rap guys girlfriends, i mean it's just so big i can't believe it's so round it's just out there, all round and big.
heheh... big and round.
i'm leveraged on the 'reasonable stuff' to match volatility on the FXI puts ...