post on -EV hedging

[crockpot]

for those of you who don't read my blog (and there's hardly an excuse for that [img]/images/graemlins/grin.gif[/img]), i wrote a long-winded post on hedging and when it is correct to do so at the cost of EV.

borderline spam? maybe, but i spent an hour writing it, so the hell with the rules.