Monday, May 1, 2017

Getting rich on arbitrage

The kanosian hedge

Who was there when California mandated auto insurance? Buffet
Who was there for the one click fraud? Bezos
Who was there for the electric car give away? Musk

Industry hedges

We had the IBM jam that generated Microsoft
Xerox research park supporting Jobs.

None of this invention, all of it finding obvious arbitrage points.

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