TCW Trading Secrets: “Volatility is Volatile so Expect the Unexpected” by Tad Rivelle
“Before we developed a modern understanding of chemical processes, the notion that there might be some way to cook base metals and turn them into gold must have sounded plausible. Now we know better. Sure, the ingredients can always be made more esoteric, the cooking more complex: still, you can never obtain any gold from the pot, unless you already had put some in(…)”
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