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They should try to maximize their profits when they are right and minimize their losses when they are wrong.
Atanas Matov • The Quiet Trader: Philosophical Guide to Profitable Trading- 240 Meditations
2015年那波股市的大规模转移数据，底部85%投资者损失掉2500亿。
来源：《Wealth Redistribution in Bubbles and Crashes》 https://t.co/ComG8inHpM
Makers and Takers: The Economics of the Kalshi Prediction Market
ucd.ieImposing negative interest rates is strip-mining the capital stock.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The Cross-Border Trail of the Treasury Basis Trade
federalreserve.gov
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