Article by: John Dizard
Published by: Financial Times
Date: 15 Apr 2012
“If the public behaved rationally, casinos would be out of business and there would be little if any trading in Vix (Chicago’s volatility index) futures and options. Yet supposedly sophisticated investors, who would laugh off the notion that you can beat the house playing slot machines, have turned the Vix products into one of the greatest marketing successes in the history of financial products.”
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