Berkshire Hathaway Inc (BRK.B)

[bar1080]

3X, or even 2X "products" are for short term use, a day or two, maybe a week. They have enormous friction. That is, if you buy the long versions AND the short (inverse) ones, you'll lose tons of money for sure.

Very, very dangerous stuff. BRK is leveraged but it's run by the world's smartest investor. And BRK's leverage is dirt cheap. BRK should be safer by a mile.

BTW, did you know that Buffett's sister nearly went broke playing with derivatives. She begged Warren to help her and he refused.