Quotes & Sayings About Arbitrage

Arbitrage proof has since been widely used throughout finance and economics. — Merton Miller

You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient. — Nelson Peltz

The market gives you the opportunity to arbitrage what the emotional investor will pay or sell at versus the fundamental value of a company, but you've got to pull the trigger promptly without hesitating. We've disciplined ourselves mentally and prepared ourselves in terms of information, as well as relationships with brokers, to do that. — Richard Chandler

When a customer clicks through the license conditions to play the game, they're agreeing to add their phone as a node in a distributed server. More players equal more servers - not for themselves, I might add, we never run a server node for any given game on the same host as a client for that game, that would be asking for trouble - but at the back end, we're in the processor arbitrage market. The game programmers' biggest problems are maintaining causality and object coherency while minimizing network latency - sorry, — Charles Stross

The Interborough issues are an example of a rather special group of situations in which analysis may reach more definite conclusions respecting intrinsic value than in the ordinary case. These situations may involve a liquidation or give rise to technical operations known as "arbitrage" or "hedging. — Benjamin Graham

Apple raised $17 billion in a bond offering in 2013. Not to invest in new products or business lines, but to pay a dividend to stockholders. The company is awash with cash, but much of that money is overseas, and there would be a tax charge if it were repatriated to the USA. For many other companies, the tax-favoured status of debt relative to equity encourages financial engineering. Most large multinational companies have corporate and financial structures of mind-blowing complexity. The mechanics of these arrangements, which are mainly directed at tax avoidance or regulatory arbitrage, are understood by only a handful of specialists. Much of the securities issuance undertaken by Goldman Sachs was not 'helping companies to grow' but represented financial engineering of the kind undertaken at Apple. What — John Kay

Arbitrage human nature. It's not going to change any time soon. — James O'Shaughnessy

Hedge funds try to produce above-average investment returns using tactics ranging from traditional stock-picking to complex derivative and arbitrage plays. High minimum investments, redemption restrictions and aggressive strategies make them suitable mainly for more sophisticated and well-heeled investors. — Alex Berenson

Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar. — John Gutfreund

What did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank. — Bill Janklow

Two-thirds of professionally managed funds are regularly outperformed by a broad capitalization-weighted index fund with equivalent risk, and those that do appear to produce excess returns in one period are not likely to do so in the next. The record of professionals does not suggest that sufficient predictability exists in the stock market to produce exploitable arbitrage opportunities. — Burton G. Malkiel

It's so funny to think that I used to be a model and here I am doing arbitrage, shipping and negotiating margins, the list is endless. — Caprice Bourret

If one asserts that buying customers below what they charge them is a corporate strategy, this is in essence an arbitrage game, and arbitrage games rarely last. — Bill Gurley