Risk-Free Short
Here’s one of the more cut-and-dry examples of how to make money off of others’ poor decisions. Apparently, a couple years ago, there was a market to sell Arnold Schwarzenegger’s chances of becoming the Republican Presidential Nominee at rates as high as 4%. I’d love to hear some rationalizations on that purchase.
“If someone gives you 25:1 on the Terminator… you take it.”
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