In a classic Seinfeld episode, George Costanza’s life takes a turn for the better when he rejects commonsense and starts doing the opposite.
He tries an antithetical pick-up line on an attractive woman, “My name is George. I’m unemployed and I live with my parents.” He is amazed to find she agrees to a date.
Robert Sanborn, co-founder of hedge fund Sanborn Kilcollin Partners and portfolio manager of the Elkhorn Fund, thinks something similar is happening in the financial markets.
The Federal Reserv
The week on Risk.net, December 9–15 2017Receive this by email