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Tem42 comments on Open thread, Dec. 21 - Dec. 27, 2015 - Less Wrong Discussion

2 Post author: MrMind 21 December 2015 07:56AM

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Comment author: ChristianKl 21 December 2015 08:22:55PM 0 points [-]

What this means is that trade opportunities in small, obscure, illiquid niches of financial markets are not exploited by the big fish and so could remain "open" for a long time.

Could you give examples of what you mean that existed a few years ago and that are now exploited, so that no further money can be made and you don't lose something be openly sharing the information?

Comment author: Tem42 21 December 2015 09:39:01PM 0 points [-]

Here's an example that did not scale well: The New York Time Magazine: Paper Boys

Comment author: ChristianKl 21 December 2015 09:59:58PM *  0 points [-]

I don't think that the article says something about problems that come with scale. It rather suggests that the first attempts were lucky.

There are also ethical issues with the business model of buying up debt and then hiring ex-convicts to collect that debt.

Comment author: Tem42 22 December 2015 03:15:42AM *  0 points [-]

Another, much smaller, example.

Edit:typo.

Comment author: ChristianKl 22 December 2015 11:15:20AM 0 points [-]

I don't think that's an example of someone investing money into an asset. It's a bet on default rates not changing.

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