Re:Ludic Fallacy
by everybodyknows on Friday July 24, 2020 @11:00PM
(#23946555)
Ah ha! Thank you so much -- been wondering for months who might have been on the other side of this trade:
https://www.forbes.com/sites/antoinegara/2020/03/25/billiona...
The tragedy of it of course is that the incompetent pension managers will keep their last ten years of performance bonuses, and the citizens of Alberta will get ... tax increases.
Until they don't.
This happened in March, and I just love the Reddit headline:
The trade was easy money until fat tails caught up with it. I think Matt Levine also discussed this, as did HN.https://old.reddit.com/r/wallstreetbets/comments/g5r5n6/some...