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Today in "100x trades": UIUC spent $400k to make $60mm insidehighered.com/news/2018/11/2…
Actually they probably made two payments, so only 70xed, but it explicitly covers pandemics as an act of God triggering the contract, so some reinsurance underwriter is getting absolutely reamed out by his boss right now
@TheStalwart see if you can get somebody on one side of this trade on Odd Lots, please
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Quantian
@quantian1
Yes... yes... my body is ready for negative WTI
This will finally settle the question of "can an option have negative value" in the affirmative.
If you thought the dumb money flows into USO were big now, wait for the front-page WSJ headline "OIL SETTLES AT NEGATIVE $1"
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Quantian
@quantian1
This weekend’s project: Oaked rose negroni, which will subsequently be reverse sphereifed, so I can finally indulge my milennial fantasy of eating a Tide Pod filled with craft cocktails.
Fortunately, I keep a supply of calcium lactate gluconate ready at hand in the event of a quarantine- I’m a bit of a “prepper”
This was an enormous amount of effort to make, and I hope everyone has a chance to try something as viscerally upsetting as this
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Quantian
@quantian1
It’s baffling why the NYT always adopts this kind of rhetorical framing when it’s such a poor persuasive technique. If you want people to change something, pointing out the benefits to them is infinitely better than chiding them about the externalities their existing choices have
You also see this with the zillion “Eat the bugs, peasant” articles (cc @TheStalwart). You know what bug people have no problems being scolded into eating? Lobster, because they’ve been sold as a decadent food for the rich, not something optimized for a high protein per unit CO2
You should use an expensive Japanese bidet because it makes you feel like a modern-day Louis XIV being pampered on a heated seat, not because old growth forests are being levelled to make toilet paper (they aren’t)
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