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Our investment strategy was simple.
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People hate to think about bad things happening,
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so they always underestimate their likelihood.
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Their strategy was simple and brilliant.
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What he said.
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Jamie and Charlie found markets will sell options very cheaply
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on things they think will never happen.
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So when they were wrong, they were wrong small,
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but when they were right, they were right big.
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Within a few years they had turned $110,000 into $30 million.
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But then it was time to go to New York City.
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And so far, it wasn't going very well.