Commodities: Position Limits and Arbitrage Possibilities
| Oct 30th, 2011 | Filed under: CTA, Commodities, Hedge Fund Regulation, Today's Post | By: cfaille |
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There is an old story often attributed to economist Burton Malkiel. A professor of finance and an undergraduate are walking together. They see what looks like a $100 bill lying on the sidewalk. The naïve student bends down to pick it up, but the professor says, “Don’t bother. If it were a real bill, it wouldn’t still be on the sidewalk.”
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Author Bio:
Christopher Faille is a Jamesian pragmatist. William James has taught him, for example, that "you can say of a line that it runs east, or you can say that it runs west, and the line per se accepts both descriptions without rebelling at the inconsistency."
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