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A Retrospective on the First 100 Episodes of the Alpha Exchange

Alpha Exchange

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What's the Risk of a Carry Trade?

Market prices invite trades that lead to results, sometimes vastly successful and sometimes resulting in giant losses. When these trades work, the profits get stuffed back into the same system that rewarded them for doing so. We fail to appreciate that the ground is shifting beneath us, because prices convince us otherwise. Prices play a huge role in telling us what to believe, but as burbank says, prices lie.

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