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by ChrisMarshallNY
1323 days ago
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That sounds like some of the thinking that went into these historic arbitrage disasters. Some young kid thought he knew better than his elders, and was doing arbitrage, which is moving around vast amounts of money, for very small gains (but safe ones). They had all this money at their disposal, and just knew that these stuffy old farts were "missing the boat," so they figured that they'd just use a bit, to make a small bet, and put it back... https://en.wikipedia.org/wiki/Nick_Leeson https://www.youtube.com/watch?v=NkQ58I53mjk |
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