Blog Archive

22 January 2013

On arbitrage: Armstrong Becomes ‘Madoff on a Bike’

The problems with arbitrage are pervasive:

http://www.bloomberg.com/news/2013-01-21/armstrong-becomes-madoff-on-a-bike-as-cheating-shatters-lives.html


Side comment: To the thugs who speed recklessly on our national roads in  massive luxury sport or farm utility cars, you have to ask yourself what sort of country you are contributing to. This is not a MadMax movie. It is not cool to ignore pedestrians, overtake on a blind-rise or over double solid lines or to drive on another driver's tail at 120km/hr.

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