Eliezer_Yudkowsky comments on Risk-Free Bonds Aren't - Less Wrong

15 Post author: Eliezer_Yudkowsky 22 June 2007 10:30PM

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Comment author: Eliezer_Yudkowsky 23 June 2007 01:07:33AM 3 points [-]

The problem with anticipating a default 30 days in advance is if other investors anticipate the same - it will be too late to unload.