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Seems like a non-apology. It was all the "rogue wave" that "capsized the boat." If a fund can't manage volatility surges, the blame isn't the rogue wave that,
by apo 8y ago
Seems like a non-apology. It was all the "rogue wave" that "capsized the boat."
If a fund can't manage volatility surges, the blame isn't the rogue wave that, out of nowhere blew everything to smithereens, but the guy who steered right into it.
It's the difference between being sorry that the house you destroyed with a car was in your path vs. being sorry for having left the party drunk.
- jhall1468 8y agoI mean, nobody can manage volatility 100% of the time when they are selling naked options.