I would love to trade equities in Dallas as long as I'm the only one who provides two way prices
Convertible bonds the best instrument to learn about the markets?
- Thread starter JonLivingston
- Start date
I would love to trade equities in Dallas as long as I'm the only one who provides two way prices
Plus your parents will understand what you do rather than all that complicated bond math.
First investing/trading book I ever read somewhere in late 70's/early 80's was "Anyone can make a million" by Morton Shulman (1966) who if I remember correctly espoused Convertible Bond and Convertible Preferred investment vehicles. Made sense. Had no real money at the time to give it a shot. Sure had time on my side back then. LOL now that I'm much older I daytrade. Go figga.
convertible arbitrage worked in 1980s. It was so easy Ken Griffin did it out of his dorm room and made more money than the average elitetrader (nominal dollars).
it was a joke. You make your monthly pnl in 10 days and then take a vacation.
Book wasn't about arbitrage. Anyway long ago and forgotten.