Detailed text transcripts for TV channel - CNN - 20100321:14:29:00
It, and they cant afford to have returns that lag their peers for very long. or else they lose their job. on the level of the trader, the risk taker, you think about what it means to be paid massive sums at the end of a year, based on, you know, what you did that year. irrespective of the risk you have taken on into the future. you create an incentive, essentially to be a seller of catastrophe insurance. you book the premium as profits rite away, and while theres this long-tail risk, theres a 1 ...
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