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3min chapter
Algorithms for Life (guest: Jim Leitner)
The Market Huddle
Jim Lightner's Story Is a Little Bit of an Embarrassment
lightner was doing research on columbia when he got a call out of the blue. It ended up being that one of our tobacco stocks was getting bought. And it was a risk arbitrage that was trading at an extraordinary fat rate of return. Lightner: We have too much food in North America, but around the world this is an increasing problem.
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