Quote:
Originally Posted by Crapshoot
Bingo. Another common strategy is the yen-carry trade, and that's been beaten to death as well. Arbitrages in today's world basically exist for infinitesimal periods of time - not longer.
|
Very well stated. It never ceases to amaze me that people acknowledge this basic truth then proceed to ignore it when actually investing. Chasing performance is a fool's game yet new fools show up every day.