2 ms·
Incumbents, Not Startups, Are Regulatory Arbitrageurs
- asciimike 6y agoNot entirely related, but I very much enjoyed the reference to United States vs Forty Barrels and Twenty Kegs of Coca-Cola[1], which led me to the category of in rem [2] cases. These are most commonly referenced in civil forfeiture cases (e.g. US vs <some amount of money>), and always struck me as slightly ridiculous ("what did the money ever do wrong?"). [1]: https://en.wikipedia.org/wiki/United_States_v._Forty_Barrels_%26_Twenty_Kegs_of_Coca-Cola https://en.wikipedia.org/wiki/United_States_v._Forty_Barrels... [2]: https://en.wikipedia.org/wiki/In_rem_jurisdiction https://en.wikipedia.org/wiki/In_rem_jurisdiction
- machinehermit 6y agoI was just reading a statarb paper this morning. We really should have came up with a different word and left arbitrage alone back in the day. I can't remember the last time I read about an arbitrage that was actually an arbitrage. Now everything is basically "garage sale arbitrage". I bought a piece of junk at a garage sale and sold it on ebay for a profit. "Risk free profit", cha ching. Just a total corruption of the actual concept. I get it though,it is a great word.