Submitted by CrackCody t3_10p5ozv in wallstreetbets
m1t0chondria t1_j6krftl wrote
Reply to comment by benji3k in Bulls: Shut up and take my money!! by CrackCody
It’s a completely separate class of instruments, but yes with very loose analogy there were multiple all or nothing DOOM-like instruments out there that were wildly mispriced because the fees looked so damn good if you didn’t understand the model and especially the underlying assumption of statistical independence in underlying assets, which wasn’t true.
[deleted] t1_j6kt1cv wrote
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