obviouspornalt
I don’t want to pay for the full goose right now, I just want to pay for the right to buy the goose later, at a price that’s fixed now. I’ll decide later if I actually want to buy the goose or not.
Alternatively, I’m not sure how much my goose will continue to lay in the future, I’d like to pay for insurance to guarantee me a fixed price to sell the goose later if I want to.
Different take:
In other words, Buffett specialized in finding “undervalued” issues on the market. Such opportunities arise occasionally, he says, because in the short run the stock market acts like a “voting machine” (reflecting all kinds of irrational attitudes and expectations), while functioning in the long run more like a “weighing machine” (reflecting a firm’s true value).
https://quoteinvestigator.com/2020/01/09/market/?amp=1
Either way, DJT is a shorting opportunity.