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No, that's wrong.

"Lucky and rich"


I suggest reading Nicholas Taleb's book "Fooled by Randomness". Essentially traders should be covering themselves for the risk of losses, by buying the appropriate derivatives. That way if their intuition or models are wrong they don't make massive losses. The problem is that there is a price for those derivatives, so if they are right they obtain a reduced profit.

Chaquetas Hombre Belstaff

Liked you on Facebook, too. =)


What do we call the positive outliers? I guess there is no adequate answer.

muska supra shoes

Love those! I enjoy following your posts on facebook and rss!


Positive outliers are just lucky.

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