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Link to John Kay's blog, outside the FT's paywall.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Wed Oct 10th, 2012 at 11:36:47 AM EST
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What if you bought and sold at random? In that case, four options are equally likely: buy and sell at 50, buy and sell at 100, buy at 50 and sell at 100, buy at 100 and sell at 50. The overall annual expected gain is 12.5 per cent.

AAAAAAAAAAAAARRRRRRRRRRRRRGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Wed Oct 10th, 2012 at 11:45:44 AM EST
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ROFL.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Wed Oct 10th, 2012 at 11:48:07 AM EST
[ Parent ]
Thanks.

Of all the publications in all the worlds, I'd never thought FT would be the one I'd consider subscribing to.

(Always imagined "the New Yorker with more nudity" would be closer to what I'd want.)

by Number 6 on Wed Oct 10th, 2012 at 12:03:18 PM EST
[ Parent ]
Wonders the financial crisis has wrought.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Wed Oct 10th, 2012 at 12:06:19 PM EST
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