Forbidden Arbitrage - by Peter Zhang - Brainpickings
brainpickings.substack.com · 1,594 words · saved by 1 readers
Three amazing profitable trades that you definitely shouldn’t do.
Tomorrow, I start my job as a trader at Jane Street. Soon after that, I will register as a financial professional, a title that subjects me to FINRA scrutiny and a host of rules governing the things I buy, the work I do, and the words I say. For good reason: you demand probity from the people handling your money and investments. All this financial machinery is duct-taped together by popular faith in institutions and regulations, and as the SBF incident demonstrates, stripping the adhesive sends the whole thing tumbling. No good. So, unlike my predecessor, Sam, when I walk into the office…
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