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Robert Harris quote ✍️

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Right, you see that girl over there, the one in that group that keeps looking right at you?'...'Right, let's say I'm convinced she's wearing black knickers - she looks like a black knickers kind of gal to me - and I'm so sure that's what she's wearing, so positive of that sartorial fact, I want to bet a million dollars on it. The trouble is, if I'm wrong, I'm wiped out. So I also bet she's wearing knickers that aren't black, but are any one of a whole basket of colours - let's say I put nine hundred and fifty thousand dollars on that possibility: that's the rest of the market; that's the hedge. This is a crude example, okay, in every sense, but hear me out. Now if I'm right, I make fifty K, but even if I'm wrong I'm going to lose fifty K, because I'm hedged. And because ninety-five per cent of my million dollars is not in use - I'm never going to be called on to show it: the only risk is in the spread - I can make similar bets with other people. Or I can bet it on something else entirely. And the beauty of it is I don't have to be right all the time - if I can just get the colour of her underwear right fifty-five per cent of the time I'm going to wind up very rich...
Robert Harris The Fear Index explanation finance

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Similar Crossword Answers

Answer Clues
RAIN 709 clues
SELF 425 clues
ZEN 335 clues
WISDOM 134 clues
EXPLANATION 101 clues
HAPPINESS 84 clues
SEAWEED 80 clues
FINANCE 73 clues
WEALTH 73 clues
FRIGHTENED 53 clues
I 29 clues
TRIPPING 3 clues

Similar crossword clues

  1. Nero or Harris 74.07%
  2. Premier Harris 74.07%
  3. Robert Actor 72.00%
  4. Pollster Harris 71.43%
  5. Baker or Harris. 71.43%
  6. Composer Harris 71.43%
  7. Robert the __ 69.57%
  8. Robert ____ CSA 69.57%
  9. Singer Harris 69.23%
  10. Robert Blake series 68.75%
  11. Robert Palmer hit 66.67%
  12. Robert or Frances 66.67%
  13. Robert in "Heat" 66.67%
  14. Robert of "Heat" 66.67%
  15. Actress Harris. 66.67%
  16. Bandleader Harris 66.67%
  17. Donahue or Harris 66.67%
  18. Rizzuto or Harris 66.67%
  19. Silvers or Harris 66.67%
  20. Role for Julie Harris. 64.71%
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Unscramble ROBERT6-letter words that start with R6-letter words that end in T6-letter words containing OB6-letter words containing RT6-letter words with R and O
Often perfumed powder
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Hint 1 meaning
A soft mineral of a soapy feel and a greenish, whitish, or grayish color, usually occurring in foliated masses. It is hydrous silicate of magnesia. Steatite, or soapstone, is a compact granular variety.
Hint 2 anagram
LATC
Hint 3 another clue
BABY DOCTOR FOR SHORT
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