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by thehardsphere
3383 days ago
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I am familiar with long-short arbitrage. I'm sure that long-short arbitrage is swell for the hedge funds that use it and have the resources to manage their shorts very carefully and millions of dollars to absorb losses when they screw up. I think it's completely irresponsible to present that as "without market risk" to an audience that doesn't have similar resources and in some cases doesn't even understand what a short is. I think that presention should be disparaged. |
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Everything you said so far is just wrong in context.