March 2025
Beginner to intermediate
402 pages
10h 54m
English
IN FINANCE, Arbitrage exploits a difference between the price of an asset in one circumstance and its price in another. If you know you can buy silver from someone for $100 and sell it to someone else for $200, you have a risk-free way to make money.
More broadly, arbitrage finds advantage in the gap between what you know and what others believe. The greater the gap, the more devastating the resulting exploit.* You can also create a gap through bluffing or misdirection. Others may even know the same things you do but be unwilling to accept what they mean or act on them. Such tactics are a part of everyday life that’s seldom discussed in business—making them perfect for subversive marketers.
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