Alphas and Epsilons BALTIMORE – One of the delights of being an American is that it is so easy to feel superior to your fellow countrymen. All you have to do is stand up straight and smile. Or if you really need an ego boost, just go to a local supermarket. Better yet, go to a supermarket with a Trump poster in the parking lot. Trigger warning: In the following ramble, we make fun of democracy, Trump, obesity,...
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“Every thinking person in America is going to vote for you Governor Stevenson,” said an enthusiastic voter.“I am afraid that won’t do. I need a majority,” reportedly quipped Stevenson (1952 or 1956). The UK referendum on June 23 is the most important political event of the first half of the year. A decision to leave could be a significant disruptive force. No one knows for sure. It is precisely that uncertainty that is fueling the demand for insurance in the options market that...
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