News for hackers. Stuff that matters.

A comment on Games people play with cash flow. Parent comment

Re:Games people play with cash flow by mpmpmpmp on Friday December 11, 2020 @03:48PM (#25390780)
There is no such thing as "cash is guaranteed to come in at a future date". Counterparty risk is pretty much impossible to remove, only to trade away to another party.
[ Parent | on HN ]
Re:Games people play with cash flow by dalbasal on Friday December 11, 2020 @06:53PM (#25393374)
Or said another way, the model is not reality. It is a way of reasoning about reality, approximate reality, etc. Reality is not arbitrage-able without artifacts.
[ Parent | on HN ]