DISQUS

Abnormal Returns: Friday links: the risk trade Abnormal Returns

  • MaskedFinancier · 1 month ago
    Unfortunately the finance skills didn't help Steven Begleiter win the World Series of Poker final table as he was "bad beat" out of his "winning option position" by a River Ace even though he had pocket Queens.
    However, as an option play, his $10,000 "option premium" buy-in (which only actually cost him $5,000 of his own money), his $1.6 million return would make a top-tier VC envious.