More On Russian Legs from Reader
by Johnny DebacleGreat alternative strategy proposed by reader Boyband, in the comments section of our Long Russian Legs report:
Well it all comes down to cost of carry, Russian [women asssets] have a carry rate proportional to a) blondeness and b) leg length (this is a simplified model).
The optimum strategy, I believe is to be short a Russian [women asset] – thus creating funding and long a Pole/Czech [women asset] – who have similar characteristics yet are much lower maintenance thus creating a trade with many of the benefits of being long Russian but with a positive cost of carry.
wow I made the front page, I’m sitting here with a stupid grin on my face now which means an MD will give me a tedious project soon……
It was a great comment and more importantly it was entirely true. Great comments will always be recognized — we are an firm which aligns itself with incentives as much as possible.