Arbitrage Is Like Curvature in a Space

In many cases, when you have a focus, you can replicate easily something against the other. But there's more narrow arbitrage t take an a second where you're making a bet on statistical relationship. Andy in the long run, you're going to do ok, thanks to the law of large numbers. The world is er, not as er inefficient. They call ficient, where you can find that stuff, right? Andlet me give you an example in finance, where where my idea breaks down, and why, it tends to hold.