Posted: May 12, 2019 3:09 pm
by tuco
Well, I could link both since I said yes and no. As usual, I assume a certain level of intelligence and a kind of will from the other party so they can look it up themselves, to verify or expand.

Regress to something very like the value of the underlying? We were talking about what is being created not about underlying value. No underlying value is being created when buying low and selling high, that is obvious, right?