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Being a jerk is like being (and very correlated to) short volatility[1]. Most of the time it's profitable. Every once in a while the world goes upside down, all
by meric 11y ago
Being a jerk is like being (and very correlated to) short volatility[1]. Most of the time it's profitable. Every once in a while the world goes upside down, all the jerks are rounded up, have their stuff confiscated, tortured, and killed.
- 1789 French Revolution (Aristocracy rounded up and killed)
- 1911 Chinese Revolution (Ruling class rounded up and killed)
- 1917 Russian Revolution (Ruling class rounded up and killed)
- 1966 Chinese Cultural Revolution (Landholders rounded up and killed)
- 2003 Iraq War (Ruling class killed)
- 2011 Libyan War (Ruling class rounded up and killed)
[1] Buy short volatility with SVXY https://www.google.com/finance?q=NYSEARCA:SVXY https://www.google.com/finance?q=NYSEARCA:SVXY