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I enjoy this explanation by @epicureandealmaker.bsky.social and I prefer not to look at the date it was written given linear time etc etc.
epicureandealmaker.blogspot.comAs Long as the Right People Get Shot“A man’s got to know his limitations.” — Magnum Force I like John Hempton , O Dearly Beloved. I truly do. The man is smart and princip...
for those of us who are less financially literate - why would SpX price the IPO at $135 if trading is going to open $20 or more above that? doesn't that mean they're leaving money on the table?