Re: reducing variance: the sklansky bux swap
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Would this service actually be worth money - i.e. if, say, the sites asked .1% to hedge your all-in sklansky bucks for you, would you take it? A monthly fee?
Probably not - you're better off taking the relatively +EV option of not hedging and eat the variance.
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why do people invest in bonds and CDs? they're better off ttaking the relatively +EV option of investing in the stock market... with leverage...
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