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Have you ever worked at in i-bank in a position that gets paid 500k+? As someone that have and have managed people that got paid that much, I can tell you that you do not get treated as a child. Yes, you're sure would be under a lot of pressure and you sure would be uncomfortable a lot of the...

Let's see. @TheBigShort s main argument is that most of the insurance contracts underwrite highly idiosyncratic events, such as fires, deaths or car accidents. The sheer diversity of their pools mitigates their risks and they can further mitigate it by laying it off to reinsurer companies (who...

No you don't :D I am a difficult person to deal with

Wanna address them one by one? I do not perceive them as moot at all, FWIW. There is a massive difference between actuarial risks and systematic risks, even if you don't get into the actual mechanics.

A US-specific methodology can be found here: https://www.bls.gov/opub/hom/pdf/cpihom.pdf

There is an important exception to that rule - going to work for someone, i.e. "an apprenticeship". Most people who make money in the market have learned this way and then extended what they learned via their own experience.

You mean up, right? :D

That's not surprising, of course - US equities have been the only equity market with a reasonable performance. On the other hand, government bonds have outperformed globally and likely to continue to do so.

All of the above applies, of course. The main reason why selling vol is different from providing insurance is the lack of barriers to entry. It's very hard to open an insurance company but it's pretty easy to open a TastyTrade account.

:vomit: PS. PoR = 1 - PoP

What's "POP"?

Considering that he did not make money in 2008 (at least according to the HF DB), he's not into implosion either. He's into 5 to 1 chicks at his parties, I guess :) FWIW, I considered the PR trade briefly, but gave up on the idea after visiting the island

Trumps Crony Capitalism PS. It was OCC before 2017, I think :P

In general, people who sold something high (or bought something cheap) tend to be happier than the ones that did the opposite.

Dude, it's true right now. That's not MMT, that's TCC.

Did Florida secede from the US while I was smoking weed tonight?

I recon the convert would would go up at 4 handle coupon if it's gonna be a 5 year structure with a 120 strike (and I envy the corporate desk that will get the call spread hedge, that's gonna be juicy). In fact, I'll ask tomorrow where the syndicate is pricing it. PS. 8.5% yield? it was barely...

It's not. It is simply a model that allows for various interesting approaches to managing money at macro scale, such as using fiscal policy as JIT economic tool.

Of course it will, question is how much time. Time will also prove me dead. Could you think of a single developed economy which went from a deflationary environment to an inflationary one?