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Super interesting article in the London Review of Books about money, the latest credit crunch, share derviatives & options, and life in London. Worth a read.
That was a good read. Brought me back to the days working for Mitsubishi UFJ Securities although as a contractor I didn't get a bonus.
It mirrors pretty closely with my current understanding of the potential for a much greater extention and magnitude of the current financial troubles. As an added bonus it finally made clear to me the distinction between options and futures :-)
So, what was the point of the article again? Oh, that's right, now that I understand the difference between options and futures and armed with the knowledge that greater wealth comes through greater risk I guess I should go get me some futures right? or was it options. I'll have one of each.
1 comment:
That was a good read. Brought me back to the days working for Mitsubishi UFJ Securities although as a contractor I didn't get a bonus.
It mirrors pretty closely with my current understanding of the potential for a much greater extention and magnitude of the current financial troubles. As an added bonus it finally made clear to me the distinction between options and futures :-)
So, what was the point of the article again? Oh, that's right, now that I understand the difference between options and futures and armed with the knowledge that greater wealth comes through greater risk I guess I should go get me some futures right? or was it options. I'll have one of each.
Jesse
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