A French banker (on vacation from Paris) walked into my Florida shop yesterday. I asked him how it's going, considering the global economy. He smiled and said (in broken English), “It's good for me. The volatility is good for me. We're doing a lot of hedging.”
What do you think they are hedging? What positions on what markets do you think they're in? I'm simply an index man… but it got me curious what made him smile.
(On an unrelated interest note: I could've bought his whole outfit. Very comfy-looking shirt, shorts, shoes. He was also wearing a Colts hat… which I found odd since he's from Paris.)
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