Is This Statisitically Reasonable? (GS)Karl Denninger Remember what was said about Madoff when people started looking at his operation?
We later learned that #2 was the case. But is there an example of #1 somewhere? Hmmmm....
Just two days of losses in the entire quarter? There are a lot of very good traders in the world, but nobody has that sort of record on any sort of consistent basis unless they've managed to rig the game. You can be "the smartest guys in the room" but nearly-perfect records at the poker table are almost always an indication that someone has managed to figure out a way to peek at the other side's hole cards. Oh, and they're gambling (or cheating?) with your money too - not their own:
Is this an example of "heads we win, tails you lose, and we're peeking at your hole cards"? Inquiring minds want to know. Karl Denninger source: http://market-ticker.denninger.net/archives/1296-Is-This-Statisitically-Reasonable-GS.html Karl Denninger's Market
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