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A tiny benefit multiplied by a billion people and several trillion dollars per day suddenly isn't so tiny anymore.
by xxzz 17y ago
A tiny benefit multiplied by a billion people and several trillion dollars per day suddenly isn't so tiny anymore.
- cwp 17y agoThe difference in benefit I'm talking about is qualitative, not quantitative. I'd rather have a cure for cancer than a thousand years of narrower bond spreads. And when I'm on my death bed, I hope I can look back on my life and say that I contributed to something more meaningful than the bond market.