In other words, he is not advocating or promoting any particular option strategy over another. He simply describes the process involved in deploying these strategies. He emphasizes that these strategies only work if your market and stock outlook prove to be accurate. The value of this volume lies in its excellent description of what options are and how they work. For the beginner who does not understand the vocabulary of options this is the perfect reference book.
Investors can build wealth for years and in the space of a few moments give most of it away.
The mistake which most investors make is succumbing to their emotions. In other words, they let their emotions govern their actions. This is a deadly mistake which must be avoided at all costs. There are two extremes which every investor must resist. One is the emotion of greed.