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aren't markets supposed to be efficient To a certain extent. Largely because of people doing arbitrage. So, if all arbitrageurs called it quits because they th
by javert 14y ago
aren't markets supposed to be efficient
To a certain extent. Largely because of people doing arbitrage. So, if all arbitrageurs called it quits because they thought markets are automatically efficient, well, they wouldn't be.
Did you make much money?
- zecho 14y agoThere's an economics joke as old as the hills: An economist and a non-economist are walking down the street when the non-economist notices something on the ground and says, "hey there's a $10 bill!" The economist replies, "Impossible. If there was a $10 bill on the ground, someone would have picked it up already."
- pja 14y agoOn my summer holiday this year I was walking along Hadrian's Wall & looked down to see a £5 note being blown along the path by the wind. Picked it up & was instantly reminded of this joke :)
- lincolnq 14y agoI had a friend who made $10,000 (off a $200k bankroll) in 2008 doing this exact form of arbitrage...