Chapter | 10WALL STREET PART DEUX:ARBITRAGE,DERIVATIVES, ANDHEDGE FUNDS
Years ago, a colleague of mine and I would frequent an Indian restaurant near our office in Manhattan. As each of us was on a fairly tight budget, we applied our skills in finance to optimize our food consumption while minimizing the cost. The chicken tikka plate, which came with six pieces of chicken and a bowl of rice, was priced at $11.95. The chicken tikka appetizer, which came with three pieces of chicken, was priced at $3.95. A bowl of rice was $1.95. What do you think we did? As pioneers in the chicken tikka arbitrage market, we figured that by ordering from the appetizer menu, we were able to consume six pieces of chicken and a bowl of rice for $9.85, saving $2.10 ...
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