#2 The Risk Taker
Behind the Balance Sheet
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Taking Out Short Positions, Is It Worth It?
It was rare that we actively pushed ashort after it had gone the right way. The parallel question that we definitely struggled with was hedging, whether it was options or futures. It's just something we warn't particularly, we just wen't, we just didn't do a lot. I don't think you can give all advance for every time youve got it right, you'd got it wrong another time"
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