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13 Comments

  1. I am surprised that you need to quantify it to the “nearest penny.” Obviously a metaphor. For example, I am an anomaly; I traded 30 years ago with my grandfather’s money, with his 3 children, all three in a nursing home. There was zero margin for error, … moreover, I went through 9/11 … pretty close to a Black Swann … not taught in a classroom. The market was shut down for days. No text book on this, nor the flash crash. Albeit, I learned in hind sight, how to deal with the latter.

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