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Podcast: My Worst Investment Ever Podcast
Episode: Edward McQuarrie – Never Ever Sell Naked Calls
Description: BIO: Edward McQuarrie is Professor Emeritus at Santa Clara University. He writes on market history and personal finance, and his research has been mentioned in columns in the Wall Street Journal, Marketwatch, and Barron’s.STORY: Edward opened an account to trade naked puts. When the financial crisis of 2008 hit, he thought it was a good time to sell his puts. He ended up losing almost all the money in his account.LEARNING: Keep your play money small. Never trade your treasury bond until maturity to avoid losses. “I find intermediate treasuries to be...