Day: February 10, 2011

Labor Arbitrage

Several months ago I talked about the rapid rise and fall of a small hedge fund called Long-Term Capital Management (here, here and here). This fund did nothing but arbitrage trading. Arbitrage trading was just a small part of my financial education right after the fall of the stock market in 2007/2008. I learned about derivatives, mortgage-backed derivatives, credit default swaps, collateralized debt obligations and arbitrage trading. I never knew these types of vehicles existed. The simplest definition of arbitrage trading is taking advantage of price difference in different markets. As an example, suppose in New York one American dollar can

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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