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Re: [sharechat] The power of lateral thinking

From:	"tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date:	Sun, 24 Aug 2003 09:47:15 +1200

Hi Macdunk,

>
> Did It ever
> cross your mind that there are times you can back nz to beat aus In
> Australia and aus to beat nz In New Zealand and back It In each
> country and be guaranteed to come out on top.   I don`t gamble but I
> made five hundred dollars on the David Tua fight doing just that
> regardless of who won. 
>

OK, I'll bite.   I understand the principle of arbitrage that you have 
outlined above.   On dual listed shares you can sometimes make 
money by buying a share in one country and selling it in another, all on 
the same day.

But why did you only make $500 if the Tua fight bet utilising both sides 
of the Tasman was such a sure thing?

SNOOPY




--
Message posted by Harry Tennyson
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References

[sharechat] The power of lateral thinking Duncan MacGregor

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