Sunday, December 25, 2016

When the pit boss takes a profit

We break symmetry and get a three color. Under neutral assumption, the boss would be scaling up, collecting to higher denominations.  But, if risk is maintained, the larger denominations are subject to  yield, and implicitlt or explicitly re-invested.

The Sandbox must be subject to a rotational flow, unextinguishable. I am still thinking that one. How much wealth gets piled in illiquidity, nice but untraded assets?

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