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“Better to hire the fearless detached trader, or one who needs to sustain a lifestyle?”

The first question someone asked this morning was whether it was an opportunity to buy the overnight dip in stocks, which essentially meant: will Iran strike back against Israel? If we need a reminder today, here it is: a good price on bad risk is still a bad trade/investment. 
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Jane Street vs Millennium | Valuing and protecting trading strategies

An legal case between two large hedge funds raises interesting questions