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Wonder if Einar Aas could have predicted it. He was top on the income lists every year (they are public in Norway). From trading electricity futures, he was se
by matsemann 5y ago
Wonder if Einar Aas could have predicted it.
He was top on the income lists every year (they are public in Norway). From trading electricity futures, he was seemingly very very good at it for years. But suddenly a big swing wiped out his entire fortune with a margin call. Almost bankrupting the Nasdaq insurance fund in the process.
https://news.ycombinator.com/item?id=17997823 https://news.ycombinator.com/item?id=17997823
It was argued much recently that connecting us with the rest of Europe through ACER would increase the prices since other markets would pay more. But that it would also lead to higher profits for those delivering the fixed costs part of the power bill, thus that part should be cheaper and it was supposed to even out somewhat.. ?